Looking to diversify beyond XUU.TO? The ETFs below have the lowest correlation with XUU.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.TO.
Best Diversifiers for XUU.TO
8 ETFs have low correlation with XUU.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 -0.01, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.01 | 0.07 | — | 100 | Money Market | XUU.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.05 | 0.06 | — | 99 | Canadian Government Bonds | XUU.TO vs CBIL.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.05 | 0.15 | 0.15 | 97 | Large Cap Blend Equities | XUU.TO vs KNGC.TO | |
| BMO Money Market Fund ETF Series | 0.06 | 0.04 | — | 100 | Money Market | XUU.TO vs ZMMK.TO | |
| Purpose High Interest Savings Fund | 0.08 | 0.08 | 0.04 | 100 | Money Market | XUU.TO vs PSA.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XUU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XUU.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.13 | 0.08 | 0.16 | 86 | Energy | |
| Enbridge Inc. | -0.11 | 0.08 | 0.18 | 81 | Energy | |
| Alimentation Couche-Tard Inc. | 0.18 | 0.25 | 0.32 | 55 | Consumer Cyclical | |
| Canadian National Railway Company | 0.24 | 0.33 | 0.41 | 63 | Industrials | |
| Cameco Corporation | 0.39 | 0.37 | 0.37 | 84 | Energy |
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Build a portfolio that complements XUU.TO
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