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iShares S&P/TSX Capped REIT Index ETF (XRE.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

XRE.TO is a passive ETF by iShares tracking the investment results of the Morningstar DM REIT NR CAD. XRE.TO launched on Oct 17, 2002 and has a 0.61% expense ratio.

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

Best Diversifiers for XRE.TO

19 ETFs have low correlation with XRE.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.08, down from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.080.100.18
86
Energy EquitiesXRE.TO vs XEG.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.020.170.22
85
Derivative Income, Energy EquitiesXRE.TO vs ENCC.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF0.070.180.29
77
Energy EquitiesXRE.TO vs PPLN.TO
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ...0.080.050.05
87
MaterialsXRE.TO vs XETM.TO
CASH.TO
Global X High Interest Savings ETF0.100.030.02
100
Money MarketXRE.TO vs CASH.TO
See all 37 diversifiers for XRE.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XRE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XRE.TO and solid risk/return profiles. The least correlated is RioCan Real Estate Investment Trust (REI-UN.TO) (Real Estate) with a 1Y correlation of 0.84, roughly unchanged from 0.85 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
REI-UN.TO
RioCan Real Estate Investment Trust0.840.850.85
91
Real Estate
SRU-UN.TO
SmartCentres Real Estate Investment Trust0.860.860.86
82
Real Estate

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Diversification Analysis

Build a portfolio that complements XRE.TO

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

Analyze a portfolio with XRE.TO