Looking to diversify beyond XUS.TO? The ETFs below have historically moved differently from XUS.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XUS.TO
19 ETFs have low correlation with XUS.TO (below 0.3), 4 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 -0.20, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Equal Weight Canadian Pipelines Index ETF | -0.20 | 0.09 | 0.22 | 90 | Energy Equities, Equal Weight | XUS.TO vs PPLN.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.14 | 0.05 | 0.14 | 89 | Energy Equities, Canada Equities | XUS.TO vs XEG.TO | |
| iShares S&P/TSX Capped Utilities Index ETF | -0.04 | 0.19 | 0.25 | 82 | Utilities Equities | XUS.TO vs XUT.TO | |
| Global X High Interest Savings ETF | -0.01 | 0.07 | — | 100 | Money Market | XUS.TO vs CASH.TO | |
| iShares Premium Money Market ETF | 0.03 | 0.05 | 0.04 | 100 | Money Market | XUS.TO vs CMR.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XUS.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Hydro One Limited (H.TO) (Utilities) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hydro One Limited | -0.23 | 0.03 | 0.07 | 85 | Utilities | |
| Enbridge Inc. | -0.14 | 0.06 | 0.15 | 87 | Energy | |
| Canadian Natural Resources Limited | -0.14 | 0.05 | 0.13 | 88 | Energy | |
| Loblaw Companies Limited | -0.10 | 0.12 | 0.15 | 68 | Consumer Defensive | |
| Capital Power Corporation | 0.27 | 0.25 | 0.26 | 62 | Utilities |
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