Looking to balance out your exposure to AII.TO? The ETFs below have the lowest correlation with AII.TO — they tend to move on their own, which can help reduce risk when AII.TO drops. The stock ideas table highlights individual companies that behave independently from AII.TO.
Best Diversifiers for AII.TO
2 ETFs have low correlation with AII.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of 0.25, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.25 | 0.15 | 0.11 | 78 | S&P 500 | AII.TO vs VFV.TO | |
| iShares Silver Bullion ETF (Non-Hedged) | 0.29 | 0.17 | 0.11 | 52 | Silver, Precious Metals | AII.TO vs SVR-C.TO | |
| Royal Canadian Mint - Canadian Silver Reserves | 0.30 | 0.19 | 0.13 | 51 | Silver, Precious Metals | AII.TO vs MNS.TO | |
| iShares Core Equity ETF Portfolio | 0.32 | 0.21 | 0.16 | 80 | Global Equities | AII.TO vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AII.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AII.TO and solid risk/return profiles. The least correlated is Royal Bank of Canada (RY.TO) (Financial Services) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | 0.22 | 0.16 | 0.14 | 97 | Financial Services | |
| Aris Gold Corporation | 0.27 | 0.23 | 0.20 | 90 | Basic Materials | |
| China Gold International Resources Corp. Ltd. | 0.29 | 0.16 | 0.12 | 86 | Basic Materials | |
| Montage Gold Corp | 0.29 | 0.20 | 0.15 | 96 | Basic Materials | |
| Lundin Mining Corporation | 0.33 | 0.20 | 0.15 | 95 | Basic Materials |
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