Looking to diversify beyond VAB.TO? The ETFs below have the lowest correlation with VAB.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 VAB.TO.
Best Diversifiers for VAB.TO
42 ETFs have low correlation with VAB.TO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.32, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.32 | -0.15 | -0.14 | 86 | Energy Equities | VAB.TO vs XEG.TO | |
| iShares Premium Money Market ETF | -0.04 | -0.01 | 0.03 | 99 | Money Market | VAB.TO vs CMR.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.02 | -0.00 | 0.01 | 66 | Bank Loan | VAB.TO vs HSAV.TO | |
| Purpose High Interest Savings Fund | 0.04 | 0.11 | 0.03 | 100 | Money Market | VAB.TO vs PSA.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.04 | 0.17 | 0.09 | 98 | Canada Equities | VAB.TO vs XEI.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VAB.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VAB.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.26, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.26 | -0.10 | -0.11 | 86 | Energy | |
| Enbridge Inc. | 0.07 | 0.14 | 0.10 | 81 | Energy | |
| Sprott Physical Platinum and Palladium Trust | 0.18 | 0.08 | 0.07 | 64 | Financial Services | |
| The Toronto-Dominion Bank | 0.19 | 0.15 | 0.07 | 98 | Financial Services | |
| Sprott Physical Gold and Silver Trust | 0.22 | 0.19 | 0.25 | 77 | Financial Services |
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