PortfoliosLab logoPortfoliosLab logo

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

Best Diversifiers for VA.TO

0 ETFs have low correlation with VA.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) (Dividend) with a 1Y correlation of 0.31, roughly unchanged from 0.40 over 5 years.


Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VA.TO and solid risk/return profiles. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.11, down from 0.05 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Fortis Inc.-0.110.060.05
79
Utilities

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements VA.TO

Add VA.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with VA.TO