Looking to diversify beyond XUSR.TO? The ETFs below have the lowest correlation with XUSR.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 XUSR.TO.
Best Diversifiers for XUSR.TO
2 ETFs have low correlation with XUSR.TO (below 0.3), 0 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 0.15, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.15 | 0.29 | 0.35 | 98 | Canada Equities | XUSR.TO vs XEI.TO | |
| iShares 1-5 Year Laddered Government Bond Index ET... | 0.17 | 0.07 | 0.09 | 56 | Canadian Government Bonds | XUSR.TO vs CLF.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.33 | 0.36 | 0.39 | 98 | Dividend, Large Cap Value Equities | XUSR.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.33 | 0.38 | 0.41 | 99 | Dividend | XUSR.TO vs VDY.TO | |
| iShares S&P/TSX Global Base Metals Index ETF | 0.50 | 0.39 | 0.38 | 61 | Energy Equities | XUSR.TO vs XBM.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XUSR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XUSR.TO and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.18, up from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.18 | 0.03 | -0.02 | 67 | Financial Services |
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