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iShares NASDAQ 100 Index ETF (XQQU.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 14, 2026

This ETF aims for long-term capital growth by mirroring the performance of the NASDAQ-100 Index, which comprises 100 of the largest non-financial companies listed on The NASDAQ Stock Market based on market capitalization.

Looking to diversify beyond XQQU.TO? The ETFs below have the lowest correlation with XQQU.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 XQQU.TO.

Best Diversifiers for XQQU.TO

2 ETFs have low correlation with XQQU.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.07——
98
Canada EquitiesXQQU.TO vs XEI.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.23——
98
Dividend, Large Cap Value EquitiesXQQU.TO vs XDIV.TO
XCS.TO
iShares S&P/TSX SmallCap Index ETF0.40——
61
Canada EquitiesXQQU.TO vs XCS.TO
XIU.TO
iShares S&P/TSX 60 Index ETF0.47——
92
Canada EquitiesXQQU.TO vs XIU.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF0.500.460.46
89
Canada EquitiesXQQU.TO vs XIC.TO
See all 40 diversifiers for XQQU.TO

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Diversification Analysis

Build a portfolio that complements XQQU.TO

Add XQQU.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with XQQU.TO