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Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) Diversifiers

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

Vanguard FTSE Developed Europe All Cap Index ETF seeks to track the performance of a broad European equity index focusing on developed European markets by investing primarily in large-, mid-, and small-capitalization stocks of companies located in these markets.

Looking to diversify beyond VE.TO? The ETFs below have the lowest correlation with VE.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 VE.TO.

Best Diversifiers for VE.TO

1 ETFs have low correlation with VE.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.040.00—
100
Money MarketVE.TO vs CASH.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.380.470.52
98
Dividend, Large Cap Value EquitiesVE.TO vs XDIV.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.420.500.51
98
DividendVE.TO vs VDY.TO
CIF.TO
iShares Global Infrastructure Index ETF0.440.480.51
70
Energy EquitiesVE.TO vs CIF.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.480.520.55
54
Canada EquitiesVE.TO vs ZLB.TO
See all 32 diversifiers for VE.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VE.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.18, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.180.070.14
86
Energy
PPL.TO
Pembina Pipeline Corporation-0.090.150.21
83
Energy
FTS.TO
Fortis Inc.0.020.170.15
79
Utilities
L.TO
Loblaw Companies Limited0.100.190.16
54
Consumer Defensive
EXE.TO
Extendicare Inc.0.140.210.26
97
Healthcare
See all 8 low-correlation stocks for VE.TO

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Diversification Analysis

Build a portfolio that complements VE.TO

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

Analyze a portfolio with VE.TO