Looking to diversify beyond XSAB.TO? The ETFs below have the lowest correlation with XSAB.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 XSAB.TO.
Best Diversifiers for XSAB.TO
10 ETFs have low correlation with XSAB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.03 | 0.19 | 0.09 | 98 | Canada Equities | XSAB.TO vs XEI.TO | |
| Global X High Interest Savings ETF | 0.05 | 0.09 | 0.05 | 100 | Money Market | XSAB.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.05 | -0.00 | 0.01 | 66 | Money Market | XSAB.TO vs HSAV.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | 0.03 | — | 99 | Canadian Government Bonds | XSAB.TO vs CBIL.TO | |
| TD Cash Management ETF | 0.08 | — | — | 99 | Ultrashort Bond | XSAB.TO vs TCSH.TO |
See all 31 diversifiers for XSAB.TO
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Diversification Analysis
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