Looking to balance out your exposure to REI-UN.TO? The ETFs below have the lowest correlation with REI-UN.TO — they tend to move on their own, which can help reduce risk when REI-UN.TO drops. The stock ideas table highlights individual companies that behave independently from REI-UN.TO.
Best Diversifiers for REI-UN.TO
4 ETFs have low correlation with REI-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 0.19, 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 | 0.19 | 0.26 | 0.32 | 75 | S&P 500 | REI-UN.TO vs VFV.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.28 | 0.49 | 0.56 | 98 | Canada Equities | REI-UN.TO vs XEI.TO | |
| Vanguard All-Equity ETF Portfolio | 0.29 | 0.40 | 0.46 | 86 | Global Equities | REI-UN.TO vs VEQT.TO | |
| iShares Core Equity ETF Portfolio | 0.29 | 0.40 | 0.46 | 85 | Global Equities | REI-UN.TO vs XEQT.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.31 | 0.45 | 0.52 | 98 | Dividend | REI-UN.TO vs VDY.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REI-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REI-UN.TO and solid risk/return profiles. The least correlated is Granite Real Estate Investment Trust (GRT-UN.TO) (Real Estate) with a 1Y correlation of 0.55, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Granite Real Estate Investment Trust | 0.55 | 0.59 | 0.60 | 91 | Real Estate | |
| Primaris Real Estate Investment Trust | 0.67 | 0.62 | — | 97 | Real Estate | |
| First Capital Real Estate Investment Trust | 0.68 | 0.72 | 0.75 | 93 | Real Estate | |
| CT Real Estate Investment Trust | 0.68 | 0.68 | 0.69 | 87 | Real Estate | |
| SmartCentres Real Estate Investment Trust | 0.82 | 0.81 | 0.81 | 93 | Real Estate |
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