Looking to balance out your exposure to CAE.TO? The ETFs below have the lowest correlation with CAE.TO — they tend to move on their own, which can help reduce risk when CAE.TO drops. The stock ideas table highlights individual companies that behave independently from CAE.TO.
Best Diversifiers for CAE.TO
0 ETFs have low correlation with CAE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard All-Equity ETF Portfolio (VEQT.TO) (Global Equities) with a 1Y correlation of 0.51, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard All-Equity ETF Portfolio | 0.51 | 0.50 | 0.56 | 81 | Global Equities | CAE.TO vs VEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAE.TO and solid risk/return profiles. The least correlated is MDA Space Ltd. (MDA.TO) (Industrials) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MDA Space Ltd. | 0.30 | 0.28 | 0.30 | 75 | Industrials | |
| Magellan Aerospace Corporation | 0.38 | 0.25 | 0.22 | 85 | Industrials | |
| Bombardier Inc | 0.46 | 0.39 | 0.41 | 98 | Industrials |
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