Looking to diversify beyond XSEM.TO? The ETFs below have historically moved differently from XSEM.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XSEM.TO
5 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 0.14, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.14 | 0.27 | 0.27 | 98 | Canada Equities | XSEM.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.20 | 0.30 | 0.31 | 98 | Quality Factor, Dividend, Large Cap Value Equities | XSEM.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.24 | 0.33 | 0.32 | 99 | Dividend | XSEM.TO vs VDY.TO | |
| iShares MSCI Min Vol EAFE Index ETF | 0.27 | 0.33 | 0.37 | 65 | Foreign Large Cap Equities, Low Volatility | XSEM.TO vs XMI.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.29 | 0.37 | 0.36 | 84 | Quality Factor, Global Equities | XSEM.TO vs XDG.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XSEM.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.37, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.37 | 0.20 | 0.14 | 64 | Financial Services |
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