Looking to diversify beyond XTLT.TO? The ETFs below have the lowest correlation with XTLT.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 XTLT.TO.
Best Diversifiers for XTLT.TO
11 ETFs have low correlation with XTLT.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of -0.04, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | -0.04 | 0.10 | — | 98 | Canada Equities | XTLT.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.06 | 0.11 | — | 98 | Dividend, Large Cap Value Equities | XTLT.TO vs XDIV.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.07 | 0.07 | — | 66 | Nasdaq-100 | XTLT.TO vs XQQ.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.10 | 0.11 | — | 80 | Canada Equities | XTLT.TO vs XIC.TO | |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | 0.10 | 0.10 | — | 61 | S&P 500 | XTLT.TO vs XSP.TO |
See all 11 diversifiers for XTLT.TO
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