Looking to balance out your exposure to GRT-UN.TO? The ETFs below have the lowest correlation with GRT-UN.TO — they tend to move on their own, which can help reduce risk when GRT-UN.TO drops. The stock ideas table highlights individual companies that behave independently from GRT-UN.TO.
Best Diversifiers for GRT-UN.TO
5 ETFs have low correlation with GRT-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 0.09, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.09 | 0.25 | 0.32 | 79 | S&P 500 | GRT-UN.TO vs VFV.TO | |
| Vanguard FTSE Global All Cap ex Canada Index ETF | 0.12 | 0.32 | 0.37 | 81 | Global Equities | GRT-UN.TO vs VXC.TO | |
| iShares Core MSCI All Country World ex Canada Inde... | 0.14 | 0.32 | 0.37 | 82 | Global Equities | GRT-UN.TO vs XAW.TO | |
| Vanguard FTSE Canada All Cap Index ETF | 0.24 | 0.40 | 0.43 | 89 | Canada Equities | GRT-UN.TO vs VCN.TO | |
| TD Canadian Equity Index ETF | 0.25 | 0.40 | 0.42 | 89 | Canada Equities | GRT-UN.TO vs TTP.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRT-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRT-UN.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.07 | 0.07 | 0.11 | 88 | Energy | |
| Quebecor Inc | -0.06 | 0.03 | 0.09 | 91 | Communication Services | |
| Quebecor Inc | -0.00 | 0.06 | 0.13 | 97 | Communication Services | |
| ARC Resources Ltd. | 0.00 | 0.08 | 0.10 | 69 | Energy | |
| Tourmaline Oil Corp. | 0.01 | 0.07 | 0.09 | 57 | Energy |
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