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
1 ETFs have low correlation with XSMH.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) (Small Cap Blend Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manulife Multifactor U.S. Small Cap Index ETF Hedg... | 0.06 | 0.03 | 0.11 | 91 | Small Cap Blend Equities, Multi-factor | XSMH.TO vs MUSC.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.39 | 0.55 | 0.58 | 98 | Canada Equities | XSMH.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.49 | 0.55 | 0.55 | 98 | Dividend, Large Cap Value Equities | XSMH.TO vs XDIV.TO | |
| iShares Core MSCI EAFE IMI Index ETF | 0.63 | 0.59 | 0.56 | 65 | Foreign Large Cap Equities | XSMH.TO vs XEF.TO | |
| iShares Core MSCI All Country World ex Canada Inde... | 0.64 | 0.61 | 0.58 | 81 | Global Equities | XSMH.TO vs XAW.TO |
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