Looking to diversify beyond XWD.TO? The ETFs below have the lowest correlation with XWD.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 XWD.TO.
Best Diversifiers for XWD.TO
1 ETFs have low correlation with XWD.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 0.25, down from 0.48 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 | 0.25 | 0.42 | 0.48 | 98 | Canada Equities | XWD.TO vs XEI.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.40 | 0.47 | 0.50 | 98 | Dividend, Large Cap Value Equities | XWD.TO vs XDIV.TO | |
| iShares Global Monthly Dividend Index ETF (CAD-Hed... | 0.43 | 0.43 | 0.49 | 79 | Global Equities | XWD.TO vs CYH.TO | |
| TD Active Global Infrastructure Equity ETF | 0.46 | 0.47 | 0.52 | 50 | Global Equities | XWD.TO vs TINF.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.46 | 0.49 | 0.51 | 56 | Global Equities | XWD.TO vs XDGH.TO |
See all 39 diversifiers for XWD.TO
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