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Vanguard FTSE Developed All Cap Ex US (VEF.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 24, 2026

Vanguard FTSE Developed All Cap ex U.S. Index ETF (CAD-hedged) seeks to track the performance of the FTSE Developed All Cap ex US Hedged to CAD Index by investing primarily in large-, mid-, and small-cap stocks of companies in developed markets outside the U.S., while using derivatives to hedge foreign currency exposure to the Canadian dollar.

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

3 ETFs have low correlation with VEF.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 -0.05, roughly unchanged from 0.02 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.050.02—
99
Money MarketVEF.TO vs CASH.TO
TTTX.TO
Global X Innovative Bluechip Top 10 Index ETF0.020.040.04
68
Global EquitiesVEF.TO vs TTTX.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF0.250.300.37
85
Global EquitiesVEF.TO vs PZW.TO
TINF.TO
TD Active Global Infrastructure Equity ETF0.460.490.53
66
Global EquitiesVEF.TO vs TINF.TO
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hed...0.460.540.61
77
Global EquitiesVEF.TO vs CYH.TO
See all 49 diversifiers for VEF.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 Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.09, down from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FTS.TO
Fortis Inc.-0.090.140.11
89
Utilities
PPL.TO
Pembina Pipeline Corporation-0.070.230.33
86
Energy
CNQ.TO
Canadian Natural Resources Limited-0.050.190.28
77
Energy
POW.TO
Power Corporation of Canada0.250.290.40
95
Financial Services
TIH.TO
Toromont Industries Ltd.0.330.370.42
97
Industrials
See all 7 low-correlation stocks for VEF.TO

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Diversification Analysis

Build a portfolio that complements VEF.TO

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

Analyze a portfolio with VEF.TO