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iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

XST.TO is a passive ETF by iShares tracking the investment results of the Morningstar Gbl GR CAD. XST.TO launched on Apr 12, 2011 and has a 0.61% expense ratio.

Looking to diversify beyond XST.TO? The ETFs below have the lowest correlation with XST.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 XST.TO.

Best Diversifiers for XST.TO

49 ETFs have low correlation with XST.TO (below 0.3), 6 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.13, down from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.13-0.010.05
89
Energy EquitiesXST.TO vs XEG.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETF-0.050.110.11
51
Technology Equities, Derivative IncomeXST.TO vs QMAX.TO
CWO.NEO
iShares Emerging Markets Fundamental Index ETF-0.040.060.09
66
Emerging Markets EquitiesXST.TO vs CWO.NEO
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF-0.010.070.13
85
Energy EquitiesXST.TO vs XBM.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)-0.000.190.25
68
Nasdaq-100XST.TO vs ZQQ.TO
See all 52 diversifiers for XST.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from XST.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XST.TO and solid risk/return profiles. The least correlated is Maple Leaf Foods Inc. (MFI.TO) (Consumer Defensive) with a 1Y correlation of 0.33, roughly unchanged from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MFI.TO
Maple Leaf Foods Inc.0.330.270.32
74
Consumer Defensive
SAP.TO
Saputo Inc.0.460.480.43
92
Consumer Defensive
PBH.TO
Premium Brands Holdings Corporation0.480.390.38
54
Consumer Defensive

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Diversification Analysis

Build a portfolio that complements XST.TO

Add XST.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with XST.TO