Looking to diversify beyond GGRO.TO? The ETFs below have the lowest correlation with GGRO.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 GGRO.TO.
Best Diversifiers for GGRO.TO
4 ETFs have low correlation with GGRO.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.02 | 0.02 | — | 100 | Money Market | GGRO.TO vs CASH.TO | |
| Franklin Growth ETF Portfolio | 0.09 | — | — | 92 | Diversified Portfolio | GGRO.TO vs GRO.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.23 | 0.43 | 0.47 | 98 | Canada Equities | GGRO.TO vs XEI.TO | |
| TD Active Preferred Share ETF | 0.26 | 0.25 | 0.26 | 96 | Preferred Stock/Convertible Bonds | GGRO.TO vs TPRF.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.40 | 0.48 | 0.49 | 98 | Dividend, Large Cap Value Equities | GGRO.TO vs XDIV.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GGRO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GGRO.TO and solid risk/return profiles. The least correlated is Canadian National Railway Company (CNR.TO) (Industrials) with a 1Y correlation of 0.26, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian National Railway Company | 0.26 | 0.32 | 0.37 | 64 | Industrials |
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