Looking to diversify beyond XSTB.TO? The ETFs below have the lowest correlation with XSTB.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 XSTB.TO.
Best Diversifiers for XSTB.TO
13 ETFs have low correlation with XSTB.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Premium Money Market ETF | -0.01 | -0.03 | 0.04 | 99 | Money Market | XSTB.TO vs CMR.TO | |
| Purpose High Interest Savings Fund | -0.00 | 0.07 | 0.03 | 100 | Money Market | XSTB.TO vs PSA.TO | |
| Global X 0-3 Month T-Bill ETF | 0.00 | 0.06 | — | 99 | Canadian Government Bonds | XSTB.TO vs CBIL.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.03 | 0.16 | 0.08 | 98 | Canada Equities | XSTB.TO vs XEI.TO | |
| iShares Floating Rate Index ETF | 0.04 | 0.02 | 0.02 | 98 | Canadian Government Bonds | XSTB.TO vs XFR.TO |
See all 26 diversifiers for XSTB.TO
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