Looking to balance out your exposure to DIR-UN.TO? The ETFs below have the lowest correlation with DIR-UN.TO — they tend to move on their own, which can help reduce risk when DIR-UN.TO drops. The stock ideas table highlights individual companies that behave independently from DIR-UN.TO.
Best Diversifiers for DIR-UN.TO
4 ETFs have low correlation with DIR-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 0.24, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.24 | 0.31 | 0.35 | 79 | S&P 500 | DIR-UN.TO vs VFV.TO | |
| RBC Quant U.S. Dividend Leaders ETF (CAD) | 0.24 | 0.30 | 0.33 | 77 | Large Cap Blend Equities, Dividend | DIR-UN.TO vs RUD.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.27 | 0.42 | 0.43 | 99 | Dividend | DIR-UN.TO vs VDY.TO | |
| Vanguard U.S. Dividend Appreciation Index ETF | 0.28 | 0.34 | 0.36 | 79 | Dividend, Large Cap Blend Equities | DIR-UN.TO vs VGG.TO | |
| iShares Core Equity ETF Portfolio | 0.33 | 0.44 | 0.47 | 87 | Global Equities | DIR-UN.TO vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIR-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIR-UN.TO and solid risk/return profiles. The least correlated is ARC Resources Ltd. (ARX.TO) (Energy) with a 1Y correlation of -0.16, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ARC Resources Ltd. | -0.16 | 0.04 | 0.08 | 69 | Energy | |
| Peyto Exploration & Development Corp. | -0.11 | 0.09 | 0.14 | 82 | Energy | |
| Tourmaline Oil Corp. | -0.10 | 0.05 | 0.10 | 57 | Energy | |
| AltaGas Ltd. | 0.01 | 0.11 | 0.22 | 94 | Utilities | |
| Pembina Pipeline Corporation | 0.03 | 0.20 | 0.22 | 93 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DIR-UN.TO
Add DIR-UN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DIR-UN.TO