Looking to diversify beyond VDY.TO? The ETFs below have the lowest correlation with VDY.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 VDY.TO.
Best Diversifiers for VDY.TO
49 ETFs have low correlation with VDY.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.04 | 0.02 | — | 100 | Money Market | VDY.TO vs MNY.TO | |
| Evolve US High Interest Savings Account Fund | -0.03 | 0.03 | — | 100 | Money Market | VDY.TO vs HISU-U.TO | |
| iShares Floating Rate Index ETF | -0.00 | 0.00 | 0.01 | 98 | Canadian Government Bonds | VDY.TO vs XFR.TO | |
| Global X 0-3 Month T-Bill ETF | 0.02 | 0.04 | — | 99 | Canadian Government Bonds | VDY.TO vs CBIL.TO | |
| TD Cash Management ETF | 0.04 | — | — | 99 | Canadian Government Bonds | VDY.TO vs TCSH.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VDY.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VDY.TO and solid risk/return profiles. The least correlated is BCE Inc. (BCE.TO) (Communication Services) with a 1Y correlation of -0.06, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BCE Inc. | -0.06 | 0.14 | 0.25 | 65 | Communication Services | |
| Quebecor Inc | 0.02 | 0.06 | 0.09 | 90 | Communication Services | |
| Loblaw Companies Limited | 0.04 | 0.18 | 0.16 | 62 | Consumer Defensive | |
| ATCO Ltd | 0.06 | 0.32 | 0.29 | 94 | Utilities | |
| AltaGas Ltd. | 0.06 | 0.31 | 0.39 | 93 | Utilities |
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