Looking to diversify beyond XSH.TO? The ETFs below have the lowest correlation with XSH.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 XSH.TO.
Best Diversifiers for XSH.TO
29 ETFs have low correlation with XSH.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Ninepoint Energy ETF (NNRG.NEO) (Energy Equities) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ninepoint Energy ETF | -0.28 | -0.09 | -0.09 | 79 | Energy Equities | XSH.TO vs NNRG.NEO | |
| iShares Premium Money Market ETF | -0.07 | -0.02 | 0.03 | 99 | Money Market | XSH.TO vs CMR.TO | |
| iShares Floating Rate Index ETF | -0.01 | -0.00 | 0.01 | 98 | Canadian Government Bonds | XSH.TO vs XFR.TO | |
| Global X 0-3 Month T-Bill ETF | -0.00 | 0.10 | — | 99 | Canadian Government Bonds | XSH.TO vs CBIL.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.01 | 0.16 | 0.11 | 98 | Canada Equities | XSH.TO vs XEI.TO |
See all 42 diversifiers for XSH.TO
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