Looking to balance out your exposure to XTD.TO? The ETFs below have the lowest correlation with XTD.TO — they tend to move on their own, which can help reduce risk when XTD.TO drops. The stock ideas table highlights individual companies that behave independently from XTD.TO.
Best Diversifiers for XTD.TO
3 ETFs have low correlation with XTD.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.05 | -0.05 | — | 100 | Money Market | XTD.TO vs CASH.TO | |
| TD Global Technology Leaders Index ETF | 0.26 | 0.19 | 0.19 | 58 | Technology Equities | XTD.TO vs TEC.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.29 | 0.38 | 0.40 | 98 | Dividend, Large Cap Value Equities | XTD.TO vs XDIV.TO | |
| Vanguard Growth ETF Portfolio | 0.35 | 0.36 | 0.35 | 76 | Diversified Portfolio | XTD.TO vs VGRO.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.39 | 0.43 | 0.44 | 98 | Dividend | XTD.TO vs VDY.TO |
Diversification Analysis
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