Looking to diversify beyond XTOT.TO? The ETFs below have the lowest correlation with XTOT.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 XTOT.TO.
Best Diversifiers for XTOT.TO
2 ETFs have low correlation with XTOT.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Brompton Canadian Cash Flow Kings ETF (KNGC.TO) (Canada Equities) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brompton Canadian Cash Flow Kings ETF | 0.08 | 0.07 | 0.07 | 95 | Canada Equities | XTOT.TO vs KNGC.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.21 | — | — | 98 | Canada Equities | XTOT.TO vs XEI.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.33 | — | — | 89 | Large Cap Blend Equities, Sustainable, Multi-factor | XTOT.TO vs DRFU.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.34 | — | — | 99 | Dividend | XTOT.TO vs VDY.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.35 | 0.32 | 0.32 | 98 | Dividend, Large Cap Value Equities | XTOT.TO vs XDIV.TO |
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