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iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The ETF seeks to provide income by replicating the performance of the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), investing in U.S. Treasury bonds with remaining maturities greater than 20 years while hedging USD currency exposure back to Canadian dollars.

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

16 ETFs have low correlation with XTLH.TO (below 0.3), 2 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 -0.26, down from -0.12 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.26-0.12—
86
Energy EquitiesXTLH.TO vs XEG.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF-0.010.19—
98
Canada EquitiesXTLH.TO vs XEI.TO
PRA.TO
Purpose Diversified Real Asset Fund0.050.08—
94
XTLH.TO vs PRA.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.060.18—
98
Dividend, Large Cap Value EquitiesXTLH.TO vs XDIV.TO
XUS.TO
iShares Core S&P 500 Index ETF0.150.12—
73
S&P 500XTLH.TO vs XUS.TO
See all 16 diversifiers for XTLH.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. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PHYS.TO
Sprott Physical Gold Trust0.140.14—
73
Financial Services

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Diversification Analysis

Build a portfolio that complements XTLH.TO

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

Analyze a portfolio with XTLH.TO