Looking to diversify beyond XUH.TO? The ETFs below have the lowest correlation with XUH.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 XUH.TO.
Best Diversifiers for XUH.TO
2 ETFs have low correlation with XUH.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 0.09, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brompton Canadian Cash Flow Kings ETF | 0.09 | 0.17 | 0.17 | 95 | Canada Equities | XUH.TO vs KNGC.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.17 | 0.41 | 0.53 | 98 | Canada Equities | XUH.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.33 | 0.46 | 0.53 | 98 | Dividend, Large Cap Value Equities | XUH.TO vs XDIV.TO | |
| BMO US High Dividend Covered Call ETF | 0.54 | 0.55 | 0.61 | 83 | Derivative Income | XUH.TO vs ZWH.TO | |
| Global X Enhanced S&P/TSX 60 Covered Call ETF | 0.54 | 0.58 | 0.58 | 90 | Derivative Income, Canada Equities | XUH.TO vs CNCL.TO |
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