Looking to diversify beyond XSE.TO? The ETFs below have the lowest correlation with XSE.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 XSE.TO.
Best Diversifiers for XSE.TO
10 ETFs have low correlation with XSE.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 0.17 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 | 0.22 | 0.17 | 98 | Canada Equities | XSE.TO vs XEI.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.09 | 0.20 | 0.14 | 98 | Dividend | XSE.TO vs VDY.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.12 | 0.21 | 0.17 | 98 | Dividend, Large Cap Value Equities | XSE.TO vs XDIV.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.21 | 0.19 | 0.21 | 67 | Nasdaq-100 | XSE.TO vs XQQ.TO | |
| iShares S&P/TSX 60 Index ETF | 0.21 | 0.24 | 0.19 | 87 | Canada Equities | XSE.TO vs XIU.TO |
See all 14 diversifiers for XSE.TO
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