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iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 15, 2026

XSEM.TO is a passive ETF by iShares tracking the investment results of the Morningstar EM GR CAD. XSEM.TO launched on Mar 18, 2019 and has a 0.32% expense ratio.

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 0.30 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.160.290.30
98
Canada EquitiesXSEM.TO vs XEI.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.240.310.31
98
Dividend, Large Cap Value EquitiesXSEM.TO vs XDIV.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.270.340.33
99
DividendXSEM.TO vs VDY.TO
XDG.TO
iShares Core MSCI Global Quality Dividend Index ET...0.320.380.36
68
Global EquitiesXSEM.TO vs XDG.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.380.370.37
98
Financials Equities, Equal WeightXSEM.TO vs ZEB.TO
See all 37 diversifiers for XSEM.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XSEM.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XSEM.TO and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.33, up from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PHYS.TO
Sprott Physical Gold Trust0.330.190.13
67
Financial Services

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Diversification Analysis

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