Looking to diversify beyond XSMH.TO? The ETFs below have the lowest correlation with XSMH.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 XSMH.TO.
Best Diversifiers for XSMH.TO
0 ETFs have low correlation with XSMH.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 0.38, down from 0.58 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 | 0.38 | 0.57 | 0.58 | 98 | Canada Equities | XSMH.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.50 | 0.57 | 0.56 | 98 | Dividend, Large Cap Value Equities | XSMH.TO vs XDIV.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.59 | 0.54 | 0.56 | 66 | Nasdaq-100 | XSMH.TO vs XQQ.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.64 | 0.67 | 0.67 | 80 | Canada Equities | XSMH.TO vs XIC.TO | |
| iShares S&P/TSX 60 Index ETF | 0.65 | 0.67 | 0.66 | 82 | Canada Equities | XSMH.TO vs XIU.TO |
See all 13 diversifiers for XSMH.TO
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