Looking to balance out your exposure to GFL.TO? The ETFs below have the lowest correlation with GFL.TO — they tend to move on their own, which can help reduce risk when GFL.TO drops. The stock ideas table highlights individual companies that behave independently from GFL.TO.
Best Diversifiers for GFL.TO
1 ETFs have low correlation with GFL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Global Value Factor ETF CAD (VVL.TO) (Global Equities) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Global Value Factor ETF CAD | 0.14 | 0.15 | 0.25 | 77 | Global Equities | GFL.TO vs VVL.TO |
Diversification Analysis
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