Looking to diversify beyond VEQT.TO? The ETFs below have the lowest correlation with VEQT.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 VEQT.TO.
Best Diversifiers for VEQT.TO
21 ETFs have low correlation with VEQT.TO (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.09 | — | — | 75 | Derivative Income | VEQT.TO vs UTES.TO | |
| Global X Equal Weight Canadian Pipelines Index ETF | -0.09 | 0.22 | 0.36 | 77 | Energy Equities | VEQT.TO vs PPLN.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.08 | 0.19 | 0.29 | 86 | Energy Equities | VEQT.TO vs XEG.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.06 | 0.22 | 0.22 | 85 | Oil & Gas, Derivative Income | VEQT.TO vs ENCL.TO | |
| Global X 0-3 Month T-Bill ETF | -0.03 | 0.03 | — | 99 | Canadian Government Bonds | VEQT.TO vs CBIL.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VEQT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VEQT.TO and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU.TO) (Energy) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.10 | 0.14 | 0.23 | 96 | Energy | |
| Canadian Natural Resources Limited | -0.09 | 0.16 | 0.25 | 86 | Energy | |
| Enbridge Inc. | -0.07 | 0.21 | 0.31 | 81 | Energy | |
| Loblaw Companies Limited | 0.03 | 0.20 | 0.18 | 54 | Consumer Defensive | |
| CES Energy Solutions Corp. | 0.08 | 0.20 | 0.26 | 98 | Energy |
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Build a portfolio that complements VEQT.TO
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