Looking to diversify beyond VEF.TO? The ETFs below have the lowest correlation with VEF.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 VEF.TO.
Best Diversifiers for VEF.TO
2 ETFs have low correlation with VEF.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.02 | 0.03 | — | 100 | Money Market | VEF.TO vs CASH.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | -0.01 | 0.04 | 0.04 | 77 | Global Equities | VEF.TO vs TTTX.TO | |
| iShares Global Monthly Dividend Index ETF (CAD-Hed... | 0.50 | 0.56 | 0.62 | 75 | Global Equities | VEF.TO vs CYH.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.50 | 0.62 | 0.66 | 98 | Dividend | VEF.TO vs VDY.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.55 | 0.59 | 0.60 | 52 | Global Equities | VEF.TO vs XDGH.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEF.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.09 | 0.20 | 0.30 | 86 | Energy | |
| Pembina Pipeline Corporation | -0.09 | 0.24 | 0.33 | 83 | Energy | |
| Fortis Inc. | -0.07 | 0.15 | 0.11 | 79 | Utilities | |
| Power Corporation of Canada | 0.23 | 0.29 | 0.40 | 94 | Financial Services | |
| Toromont Industries Ltd. | 0.33 | 0.38 | 0.42 | 97 | Industrials |
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Build a portfolio that complements VEF.TO
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