Looking to balance out your exposure to UCU.V? The ETFs below have the lowest correlation with UCU.V — they tend to move on their own, which can help reduce risk when UCU.V drops. The stock ideas table highlights individual companies that behave independently from UCU.V.
Best Diversifiers for UCU.V
1 ETFs have low correlation with UCU.V (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) (Dividend) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.11 | 0.13 | 0.13 | 98 | Dividend | UCU.V vs VDY.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UCU.V, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UCU.V and solid risk/return profiles. The least correlated is The Bank of Nova Scotia (BNS.TO) (Financial Services) with a 1Y correlation of 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Bank of Nova Scotia | 0.20 | 0.12 | 0.12 | 98 | Financial Services | |
| Aecon Group Inc. | 0.22 | 0.08 | 0.08 | 94 | Industrials | |
| MDA Space Ltd. | 0.22 | 0.10 | 0.11 | 67 | Industrials | |
| Magellan Aerospace Corporation | 0.23 | 0.13 | 0.09 | 86 | Industrials | |
| Sprott Physical Silver Trust | 0.23 | 0.14 | 0.10 | 69 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UCU.V
Add UCU.V to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UCU.V