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Plaza Retail REIT (PLZ-UN.TO) Diversifiers

Equity · Currency in CAD · Last updated Jun 5, 2026

Plaza is an open-ended real estate investment trust and a leading retail property owner and developer, focused on Ontario, Quebec, and Atlantic Canada, with a portfolio of 211 properties totaling approximately 8.9 million square feet. Its portfolio primarily consists of open-air centres and stand-alone small box retail outlets, predominantly occupied by national tenants in the essential needs, value, and convenience market segments.

Looking to balance out your exposure to PLZ-UN.TO? The ETFs below have the lowest correlation with PLZ-UN.TO — they tend to move on their own, which can help reduce risk when PLZ-UN.TO drops. The stock ideas table highlights individual companies that behave independently from PLZ-UN.TO.

Best Diversifiers for PLZ-UN.TO

3 ETFs have low correlation with PLZ-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 0.21, roughly unchanged from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VFV.TO
Vanguard S&P 500 Index ETF0.210.190.24
78
S&P 500PLZ-UN.TO vs VFV.TO
XEQT.TO
iShares Core Equity ETF Portfolio0.250.280.32
80
Global EquitiesPLZ-UN.TO vs XEQT.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF0.250.320.37
85
Canada EquitiesPLZ-UN.TO vs XIC.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PLZ-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLZ-UN.TO and solid risk/return profiles. The least correlated is Brookfield Infrastructure Partners L.P (BIP-UN.TO) (Utilities) with a 1Y correlation of 0.09, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BIP-UN.TO
Brookfield Infrastructure Partners L.P0.090.230.19
77
Utilities
CNR.TO
Canadian National Railway Company0.130.210.21
64
Industrials
CSH-UN.TO
Chartwell Retirement Residences0.290.230.26
66
Real Estate
CHP-UN.TO
Choice Properties Real Estate Investment Trust0.290.290.33
69
Real Estate
SRU-UN.TO
SmartCentres Real Estate Investment Trust0.440.370.41
84
Real Estate
See all 6 low-correlation stocks for PLZ-UN.TO

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Diversification Analysis

Build a portfolio that complements PLZ-UN.TO

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