Looking to diversify beyond XRB.TO? The ETFs below have the lowest correlation with XRB.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 XRB.TO.
Best Diversifiers for XRB.TO
15 ETFs have low correlation with XRB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Index ETF (XFR.TO) (Canadian Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Index ETF | 0.03 | 0.02 | -0.01 | 98 | Canadian Government Bonds | XRB.TO vs XFR.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.06 | 0.15 | 0.09 | 98 | Canada Equities | XRB.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.11 | 0.16 | 0.10 | 98 | Dividend, Large Cap Value Equities | XRB.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.15 | 0.14 | 0.07 | 98 | Dividend | XRB.TO vs VDY.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.20 | 0.12 | 0.10 | 67 | Nasdaq-100 | XRB.TO vs XQQ.TO |
See all 19 diversifiers for XRB.TO
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