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Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

Royal Canadian Mint - Canadian Silver Reserves is an exchange-traded receipt (ETR) that provides investors with direct beneficial ownership of physical silver bullion held at the Royal Canadian Mint. Each ETR represents an undivided interest in silver bullion with a minimum purity of 99.9%. Investors can redeem ETRs for physical silver including Maple Leaf coins, 100-oz bars, and 1000-oz London Good Delivery bars.

Looking to diversify beyond MNS.TO? The ETFs below have the lowest correlation with MNS.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 MNS.TO.

Best Diversifiers for MNS.TO

6 ETFs have low correlation with MNS.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MNY.TO
Purpose Cash Management Fund-0.030.01—
100
Money MarketMNS.TO vs MNY.TO
VFV.TO
Vanguard S&P 500 Index ETF0.100.040.02
74
S&P 500MNS.TO vs VFV.TO
TEC.TO
TD Global Technology Leaders Index ETF0.110.050.04
58
Technology EquitiesMNS.TO vs TEC.TO
XUS.TO
iShares Core S&P 500 Index ETF0.110.040.02
73
S&P 500MNS.TO vs XUS.TO
XEQT.TO
iShares Core Equity ETF Portfolio0.260.190.16
75
Global EquitiesMNS.TO vs XEQT.TO
See all 9 diversifiers for MNS.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MNS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNS.TO and solid risk/return profiles. The least correlated is Almonty Industries Inc. (AII.TO) (Basic Materials) with a 1Y correlation of 0.31, up from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AII.TO
Almonty Industries Inc.0.310.180.12
96
Basic Materials
PSLV.TO
Sprott Physical Silver Trust0.870.790.76
80
Financial Services

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Diversification Analysis

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