Looking to balance out your exposure to TOI.V? The ETFs below have the lowest correlation with TOI.V — they tend to move on their own, which can help reduce risk when TOI.V drops. The stock ideas table highlights individual companies that behave independently from TOI.V.
Best Diversifiers for TOI.V
1 ETFs have low correlation with TOI.V (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 0.16, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.16 | 0.17 | 0.18 | 78 | S&P 500 | TOI.V vs VFV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOI.V, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOI.V and solid risk/return profiles. The least correlated is Celestica Inc. (CLS.TO) (Technology) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.09 | 0.06 | 0.11 | 94 | Technology | |
| Capital Power Corporation | -0.07 | 0.06 | 0.09 | 70 | Utilities | |
| Loblaw Companies Limited | 0.03 | 0.10 | 0.10 | 59 | Consumer Defensive | |
| Royal Bank of Canada | 0.08 | 0.15 | 0.13 | 97 | Financial Services | |
| Brookfield Corporation | 0.14 | 0.23 | 0.21 | 60 | Financial Services |
Build a portfolio that complements TOI.V
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