Looking to balance out your exposure to CEU.TO? The ETFs below have the lowest correlation with CEU.TO — they tend to move on their own, which can help reduce risk when CEU.TO drops. The stock ideas table highlights individual companies that behave independently from CEU.TO.
Best Diversifiers for CEU.TO
4 ETFs have low correlation with CEU.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 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.01 | 0.10 | 0.13 | 74 | S&P 500 | CEU.TO vs VFV.TO | |
| iShares Core Equity ETF Portfolio | 0.06 | 0.20 | 0.25 | 75 | Global Equities | CEU.TO vs XEQT.TO | |
| Vanguard All-Equity ETF Portfolio | 0.08 | 0.20 | 0.26 | 81 | Global Equities | CEU.TO vs VEQT.TO | |
| iShares Core MSCI Emerging Markets IMI Index ETF | 0.08 | 0.14 | 0.17 | 86 | Emerging Markets Equities | CEU.TO vs XEC.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.33 | 0.35 | 0.45 | 98 | Dividend | CEU.TO vs VDY.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CEU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CEU.TO and solid risk/return profiles. The least correlated is Linamar Corporation (LNR.TO) (Consumer Cyclical) with a 1Y correlation of -0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Linamar Corporation | -0.00 | 0.16 | 0.24 | 89 | Consumer Cyclical | |
| Loblaw Companies Limited | 0.00 | 0.01 | -0.00 | 54 | Consumer Defensive | |
| Alimentation Couche-Tard Inc. | 0.01 | 0.08 | 0.12 | 55 | Consumer Cyclical | |
| Bombardier Inc | 0.09 | 0.15 | 0.18 | 98 | Industrials | |
| Teck Resources Limited | 0.11 | 0.26 | 0.34 | 84 | Basic Materials |
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