Looking to diversify beyond VGAB.NEO? The ETFs below have the lowest correlation with VGAB.NEO — 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 VGAB.NEO.
Best Diversifiers for VGAB.NEO
6 ETFs have low correlation with VGAB.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) (Dividend) with a 1Y correlation of 0.04, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.04 | 0.16 | 0.10 | 98 | Dividend | VGAB.NEO vs VDY.TO | |
| Vanguard S&P 500 Index ETF | 0.18 | 0.13 | 0.12 | 78 | S&P 500 | VGAB.NEO vs VFV.TO | |
| Vanguard FTSE Global All Cap ex Canada Index ETF | 0.25 | 0.20 | 0.16 | 79 | Global Equities | VGAB.NEO vs VXC.TO | |
| Vanguard FTSE Canada Index ETF | 0.26 | 0.24 | 0.17 | 80 | Canada Equities | VGAB.NEO vs VCE.TO | |
| Vanguard FTSE Canada All Cap Index ETF | 0.26 | 0.25 | 0.18 | 83 | Canada Equities | VGAB.NEO vs VCN.TO |
See all 10 diversifiers for VGAB.NEO
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