Looking to diversify beyond XUU-U.TO? The ETFs below have the lowest correlation with XUU-U.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 XUU-U.TO.
Best Diversifiers for XUU-U.TO
9 ETFs have low correlation with XUU-U.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.04 | -0.00 | 0.03 | 100 | Money Market | XUU-U.TO vs CASH.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.00 | 0.12 | 0.12 | 97 | Large Cap Blend Equities | XUU-U.TO vs KNGC.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | -0.00 | -0.00 | 99 | Canadian Government Bonds | XUU-U.TO vs CBIL.TO | |
| iShares Premium Money Market ETF | 0.08 | 0.03 | 0.04 | 99 | Money Market | XUU-U.TO vs CMR.TO | |
| BMO Money Market Fund ETF Series | 0.22 | 0.19 | — | 100 | Money Market | XUU-U.TO vs ZMMK.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XUU-U.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XUU-U.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.02, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.02 | 0.04 | -0.03 | 88 | Energy | |
| Enbridge Inc. | -0.01 | -0.00 | -0.04 | 85 | Energy | |
| Dividend 15 Split Corp. | 0.24 | 0.19 | 0.12 | 96 | Financial Services | |
| The Toronto-Dominion Bank | 0.35 | 0.21 | 0.16 | 98 | Financial Services |
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