Looking to balance out your exposure to BEI-UN.TO? The ETFs below have the lowest correlation with BEI-UN.TO — they tend to move on their own, which can help reduce risk when BEI-UN.TO drops. The stock ideas table highlights individual companies that behave independently from BEI-UN.TO.
Best Diversifiers for BEI-UN.TO
2 ETFs have low correlation with BEI-UN.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 0.23, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.23 | 0.26 | 0.31 | 78 | S&P 500 | BEI-UN.TO vs VFV.TO | |
| iShares S&P/TSX 60 Index ETF | 0.25 | 0.36 | 0.42 | 87 | Canada Equities | BEI-UN.TO vs XIU.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEI-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEI-UN.TO and solid risk/return profiles. The least correlated is Granite Real Estate Investment Trust (GRT-UN.TO) (Real Estate) with a 1Y correlation of 0.34, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Granite Real Estate Investment Trust | 0.34 | 0.43 | 0.50 | 88 | Real Estate | |
| SmartCentres Real Estate Investment Trust | 0.44 | 0.52 | 0.56 | 84 | Real Estate |
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