Looking to diversify beyond XSI.TO? The ETFs below have the lowest correlation with XSI.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 XSI.TO.
Best Diversifiers for XSI.TO
2 ETFs have low correlation with XSI.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, down from 0.19 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 | 0.04 | 0.17 | 0.19 | 98 | Canada Equities | XSI.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.12 | 0.16 | 0.17 | 98 | Dividend, Large Cap Value Equities | XSI.TO vs XDIV.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.32 | 0.25 | 0.26 | 80 | Canada Equities | XSI.TO vs XIC.TO | |
| iShares S&P/TSX 60 Index ETF | 0.32 | 0.24 | 0.26 | 82 | Canada Equities | XSI.TO vs XIU.TO | |
| Purpose Global Bond Fund | 0.35 | 0.33 | 0.31 | 55 | XSI.TO vs BND.TO |
See all 11 diversifiers for XSI.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements XSI.TO
Add XSI.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XSI.TO