Looking to diversify beyond XQLT.TO? The ETFs below have the lowest correlation with XQLT.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XQLT.TO.
Best Diversifiers for XQLT.TO
3 ETFs have low correlation with XQLT.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.01 | 0.08 | — | 100 | Money Market | XQLT.TO vs CASH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.25 | 0.31 | 0.35 | 98 | Canada Equities | XQLT.TO vs XEI.TO | |
| iShares S&P/TSX SmallCap Index ETF | 0.30 | 0.30 | 0.34 | 79 | Canada Equities | XQLT.TO vs XCS.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.39 | 0.36 | 0.38 | 98 | Dividend, Large Cap Value Equities | XQLT.TO vs XDIV.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.41 | 0.42 | 0.47 | 54 | Canada Equities | XQLT.TO vs ZLB.TO |
See all 34 diversifiers for XQLT.TO
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