Looking to diversify beyond XTLH.TO? The ETFs below have the lowest correlation with XTLH.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 XTLH.TO.
Best Diversifiers for XTLH.TO
15 ETFs have low correlation with XTLH.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.28 | — | — | 64 | Energy Equities, Canada Equities | XTLH.TO vs XEG.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | -0.01 | 0.14 | 0.14 | 97 | Canada Equities | XTLH.TO vs XEI.TO | |
| Purpose Diversified Real Asset Fund | 0.04 | 0.07 | 0.07 | 92 | XTLH.TO vs PRA.TO | ||
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.05 | 0.15 | 0.15 | 98 | Dividend, Large Cap Value Equities | XTLH.TO vs XDIV.TO | |
| BMO MSCI Emerging Markets Index ETF | 0.17 | 0.09 | 0.09 | 82 | Emerging Markets Equities | XTLH.TO vs ZEM.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XTLH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XTLH.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.11 | — | — | 66 | Financial Services |
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