Looking to diversify beyond XVLU.TO? The ETFs below have historically moved differently from XVLU.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 XVLU.TO
2 ETFs have low correlation with XVLU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco RAFI U.S. Index ETF II CAD (PXS.TO) (Large Cap Value Equities) with a 1Y correlation of 0.21, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco RAFI U.S. Index ETF II CAD | 0.21 | 0.39 | 0.43 | 95 | Large Cap Value Equities | XVLU.TO vs PXS.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.23 | 0.37 | 0.42 | 98 | Canada Equities | XVLU.TO vs XEI.TO | |
| iShares Core MSCI US Quality Dividend Index ETF (C... | 0.31 | 0.39 | 0.46 | 68 | Quality Factor, Large Cap Value Equities, Dividend | XVLU.TO vs XDUH.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.32 | 0.39 | 0.44 | 98 | Quality Factor, Dividend, Large Cap Value Equities | XVLU.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.34 | 0.43 | 0.46 | 99 | Dividend | XVLU.TO vs VDY.TO |
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