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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.31 | 0.40 | 0.40 | 98 | Dividend, Large Cap Value Equities | VA.TO vs XDIV.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.38 | 0.45 | 0.44 | 98 | Dividend | VA.TO vs VDY.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.40 | 0.39 | 0.39 | 71 | Momentum, Foreign Large Cap Equities | VA.TO vs ZXM.TO | |
| BMO Equal Weight Banks Index ETF | 0.47 | 0.48 | 0.46 | 96 | Financials Equities | VA.TO vs ZEB.TO | |
| BMO MSCI Canada Value Index ETF | 0.47 | 0.47 | 0.40 | 96 | Large Cap Value Equities | VA.TO vs ZVC.TO |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.11 | 0.06 | 0.05 | 79 | Utilities |
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