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Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

VDY.TO is a passive ETF by Vanguard tracking the investment results of the FTSE Canada High Dividend Yield Index. VDY.TO launched on Nov 2, 2012 and has a 0.22% expense ratio.

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

56 ETFs have low correlation with VDY.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Evolve US High Interest Savings Account Fund (HISU-U.TO) (Money Market) with a 1Y correlation of -0.12, up from -0.26 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HISU-U.TO
Evolve US High Interest Savings Account Fund-0.12-0.26—
99
Money MarketVDY.TO vs HISU-U.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.030.02—
99
Canadian Government BondsVDY.TO vs CBIL.TO
XFR.TO
iShares Floating Rate Index ETF-0.03-0.00-0.01
98
Canadian Government BondsVDY.TO vs XFR.TO
MNY.TO
Purpose Cash Management Fund-0.010.02—
100
Money MarketVDY.TO vs MNY.TO
TCSH.TO
TD Cash Management ETF0.02——
99
Canadian Government BondsVDY.TO vs TCSH.TO
See all 190 diversifiers for VDY.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 -0.02, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BCE.TO
BCE Inc.-0.020.150.26
69
Communication Services
QBR-A.TO
Quebecor Inc0.050.070.10
96
Communication Services
ACO-X.TO
ATCO Ltd0.070.320.29
92
Utilities
L.TO
Loblaw Companies Limited0.080.200.17
54
Consumer Defensive
ALA.TO
AltaGas Ltd.0.080.320.39
92
Utilities
See all 54 low-correlation stocks for VDY.TO

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Diversification Analysis

Build a portfolio that complements VDY.TO

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

Analyze a portfolio with VDY.TO