Looking to diversify beyond EDGE.TO? The ETFs below have the lowest correlation with EDGE.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EDGE.TO.
Best Diversifiers for EDGE.TO
0 ETFs have low correlation with EDGE.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 0.54, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.54 | 0.51 | 0.58 | 78 | S&P 500 | EDGE.TO vs VFV.TO | |
| Vanguard FTSE Global All Cap ex Canada Index ETF | 0.57 | 0.57 | 0.63 | 79 | Global Equities | EDGE.TO vs VXC.TO | |
| TD Global Technology Leaders Index ETF | 0.60 | 0.51 | 0.61 | 60 | Technology Equities | EDGE.TO vs TEC.TO |
Diversification Analysis
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