Looking to balance out your exposure to DFY.TO? The ETFs below have the lowest correlation with DFY.TO — they tend to move on their own, which can help reduce risk when DFY.TO drops. The stock ideas table highlights individual companies that behave independently from DFY.TO.
Best Diversifiers for DFY.TO
2 ETFs have low correlation with DFY.TO (below 0.3), 2 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 -0.04, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | -0.04 | 0.14 | — | 74 | S&P 500 | DFY.TO vs VFV.TO | |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | -0.02 | 0.16 | 0.23 | 61 | S&P 500 | DFY.TO vs XSP.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFY.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFY.TO and solid risk/return profiles. The least correlated is Celestica Inc. (CLS.TO) (Technology) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.10 | 0.04 | 0.08 | 94 | Technology | |
| Energy Fuels Inc. | -0.07 | 0.08 | 0.13 | 87 | Energy | |
| Finning International Inc. | -0.06 | 0.10 | 0.15 | 95 | Industrials | |
| Tamarack Valley Energy Ltd. | -0.04 | -0.00 | 0.07 | 99 | Energy | |
| MDA Space Ltd. | -0.03 | 0.08 | 0.11 | 75 | Industrials |
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