Looking to diversify beyond VBAL.TO? The ETFs below have the lowest correlation with VBAL.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 VBAL.TO.
Best Diversifiers for VBAL.TO
9 ETFs have low correlation with VBAL.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.03 | 0.02 | — | 99 | Canadian Government Bonds | VBAL.TO vs CBIL.TO | |
| iShares Premium Money Market ETF | 0.02 | 0.03 | 0.04 | 99 | Money Market | VBAL.TO vs CMR.TO | |
| Global X High Interest Savings ETF | 0.03 | 0.07 | — | 100 | Money Market | VBAL.TO vs CASH.TO | |
| Franklin Growth ETF Portfolio | 0.07 | — | — | 92 | Diversified Portfolio | VBAL.TO vs GRO.TO | |
| BMO Money Market Fund ETF Series | 0.11 | 0.04 | — | 100 | Money Market | VBAL.TO vs ZMMK.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VBAL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VBAL.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.11 | 0.15 | 0.21 | 88 | Energy | |
| Fortis Inc. | -0.11 | 0.16 | 0.16 | 82 | Utilities | |
| Enbridge Inc. | -0.06 | 0.20 | 0.28 | 85 | Energy | |
| Power Corporation of Canada | 0.25 | 0.29 | 0.40 | 94 | Financial Services | |
| CT Real Estate Investment Trust | 0.28 | 0.38 | 0.45 | 78 | Real Estate |
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