Looking to diversify beyond XSHG.TO? The ETFs below have the lowest correlation with XSHG.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 XSHG.TO.
Best Diversifiers for XSHG.TO
7 ETFs have low correlation with XSHG.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 0.04, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.04 | 0.09 | — | 98 | Canada Equities | XSHG.TO vs XEI.TO | |
| iShares Floating Rate Index ETF | 0.08 | 0.04 | — | 98 | Canadian Government Bonds | XSHG.TO vs XFR.TO | |
| TD Cash Management ETF | 0.10 | — | — | 99 | Canadian Government Bonds | XSHG.TO vs TCSH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.11 | 0.05 | — | 99 | Canadian Government Bonds | XSHG.TO vs CBIL.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.14 | 0.10 | — | 98 | Dividend, Large Cap Value Equities | XSHG.TO vs XDIV.TO |
See all 17 diversifiers for XSHG.TO
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