Looking to diversify beyond XSC.TO? The ETFs below have the lowest correlation with XSC.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 XSC.TO.
Best Diversifiers for XSC.TO
3 ETFs have low correlation with XSC.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, down from 0.15 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 | 0.10 | 0.15 | 98 | Canada Equities | XSC.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.11 | 0.12 | 0.15 | 98 | Dividend, Large Cap Value Equities | XSC.TO vs XDIV.TO | |
| iShares S&P/TSX 60 Index ETF | 0.28 | 0.17 | 0.21 | 92 | Canada Equities | XSC.TO vs XIU.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.30 | 0.17 | 0.21 | 90 | Canada Equities | XSC.TO vs XIC.TO | |
| iShares Core S&P 500 Index ETF | 0.31 | 0.16 | 0.19 | 78 | S&P 500 | XSC.TO vs XUS.TO |
See all 11 diversifiers for XSC.TO
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