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

ETF · Currency in CAD · Last updated Jul 21, 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

60 ETFs have low correlation with XST.TO (below 0.3), 19 of which are negatively correlated. The least correlated is Fidelity Global Innovators ETF (FINN.NEO) (Global Equities) with a 1Y correlation of -0.16, down from 0.07 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FINN.NEO
Fidelity Global Innovators ETF-0.160.07—
84
Global EquitiesXST.TO vs FINN.NEO
HXQ.TO
Horizons NASDAQ-100 Index ETF-0.090.130.22
58
Nasdaq-100XST.TO vs HXQ.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.09-0.000.05
85
Energy Equities, Canada EquitiesXST.TO vs XEG.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged-0.090.140.22
59
Nasdaq-100XST.TO vs QQC.TO
SPLT.TO
Brompton Split Corp. Preferred Share ETF-0.080.09—
73
Preferred Stock/Convertible BondsXST.TO vs SPLT.TO
See all 63 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 Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ENB.TO
Enbridge Inc.0.250.270.25
91
Energy
JWEL.TO
Jamieson Wellness Inc.0.250.270.23
74
Consumer Defensive
SAP.TO
Saputo Inc.0.460.470.43
90
Consumer Defensive
NWC.TO
The North West Company Inc.0.530.480.51
61
Consumer Defensive

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Diversification Analysis

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