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Bombardier Inc (BBD-A.TO) Diversifiers

Equity · Currency in CAD · Last updated Jun 4, 2026

Bombardier Inc. designs, manufactures, and sells business aircraft and aircraft structural components worldwide, while also providing parts, service centers, smart services, training, and technical publications to multinational corporations, charter and fractional ownership providers, governments, and private individuals.

Looking to balance out your exposure to BBD-A.TO? The ETFs below have the lowest correlation with BBD-A.TO — they tend to move on their own, which can help reduce risk when BBD-A.TO drops. The stock ideas table highlights individual companies that behave independently from BBD-A.TO.

Best Diversifiers for BBD-A.TO

0 ETFs have low correlation with BBD-A.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 0.35, roughly unchanged from 0.37 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VFV.TO
Vanguard S&P 500 Index ETF0.350.370.37
74
S&P 500BBD-A.TO vs VFV.TO
XIU.TO
iShares S&P/TSX 60 Index ETF0.420.420.42
82
Canada EquitiesBBD-A.TO vs XIU.TO
VEQT.TO
Vanguard All-Equity ETF Portfolio0.450.450.45
81
Global EquitiesBBD-A.TO vs VEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.470.420.39
96
Financials EquitiesBBD-A.TO vs ZEB.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BBD-A.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBD-A.TO and solid risk/return profiles. The least correlated is Canadian Imperial Bank of Commerce (CM.TO) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CM.TO
Canadian Imperial Bank of Commerce0.370.360.34
96
Financial Services
TD.TO
The Toronto-Dominion Bank0.400.340.32
98
Financial Services
RY.TO
Royal Bank of Canada0.420.370.34
97
Financial Services
BMO.TO
Bank of Montreal0.420.370.37
95
Financial Services
BBD-B.TO
Bombardier Inc0.960.970.92
98
Industrials

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Diversification Analysis

Build a portfolio that complements BBD-A.TO

Add BBD-A.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BBD-A.TO