Looking to diversify beyond XSEM.TO? The ETFs below have the lowest correlation with XSEM.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 XSEM.TO.
Best Diversifiers for XSEM.TO
3 ETFs have low correlation with XSEM.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 0.16, down from 0.31 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 | 0.16 | 0.32 | 0.31 | 98 | Canada Equities | XSEM.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.21 | 0.32 | 0.31 | 98 | Dividend, Large Cap Value Equities | XSEM.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.27 | 0.36 | 0.33 | 98 | Dividend | XSEM.TO vs VDY.TO | |
| BMO Equal Weight Banks Index ETF | 0.38 | 0.38 | 0.36 | 96 | Financials Equities | XSEM.TO vs ZEB.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.42 | 0.42 | 0.38 | 54 | Global Equities | XSEM.TO vs XDG.TO |
See all 32 diversifiers for XSEM.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements XSEM.TO
Add XSEM.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XSEM.TO