Looking to diversify beyond XUS.TO? The ETFs below have the lowest correlation with XUS.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 XUS.TO.
Best Diversifiers for XUS.TO
16 ETFs have low correlation with XUS.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) (Energy Equities) with a 1Y correlation of -0.15, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Equal Weight Canadian Pipelines Index ETF | -0.15 | 0.13 | 0.24 | 77 | Energy Equities | XUS.TO vs PPLN.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.13 | 0.07 | 0.16 | 86 | Energy Equities | XUS.TO vs XEG.TO | |
| Global X High Interest Savings ETF | -0.01 | 0.07 | — | 100 | Money Market | XUS.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.04 | 0.05 | 0.04 | 99 | Canadian Government Bonds | XUS.TO vs CBIL.TO | |
| iShares S&P/TSX Capped Utilities Index ETF | 0.05 | 0.23 | 0.27 | 84 | Utilities Equities | XUS.TO vs XUT.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XUS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XUS.TO and solid risk/return profiles. The least correlated is Hydro One Limited (H.TO) (Utilities) with a 1Y correlation of -0.21, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hydro One Limited | -0.21 | 0.05 | 0.08 | 70 | Utilities | |
| Enbridge Inc. | -0.11 | 0.09 | 0.18 | 81 | Energy | |
| Canadian Natural Resources Limited | -0.10 | 0.08 | 0.14 | 86 | Energy | |
| Loblaw Companies Limited | -0.01 | 0.15 | 0.17 | 54 | Consumer Defensive | |
| Lundin Gold Inc. | 0.21 | 0.11 | 0.08 | 58 | Basic Materials |
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