Looking to diversify beyond VGG.TO? The ETFs below have the lowest correlation with VGG.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 VGG.TO.
Best Diversifiers for VGG.TO
9 ETFs have low correlation with VGG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Ninepoint Energy ETF (NNRG.NEO) (Energy Equities) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ninepoint Energy ETF | -0.01 | 0.09 | 0.12 | 79 | Energy Equities | VGG.TO vs NNRG.NEO | |
| iShares Premium Money Market ETF | 0.08 | 0.08 | 0.06 | 99 | Money Market | VGG.TO vs CMR.TO | |
| BMO Covered Call Utilities ETF | 0.14 | 0.28 | 0.36 | 58 | Utilities Equities, Derivative Income | VGG.TO vs ZWU.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.14 | 0.16 | 0.16 | 97 | Large Cap Blend Equities | VGG.TO vs KNGC.TO | |
| PIMCO Monthly Income Fund (Canada) | 0.24 | 0.14 | 0.13 | 52 | VGG.TO vs PMIF.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VGG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VGG.TO and solid risk/return profiles. The least correlated is CT Real Estate Investment Trust (CRT-UN.TO) (Real Estate) with a 1Y correlation of 0.19, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CT Real Estate Investment Trust | 0.19 | 0.25 | 0.32 | 78 | Real Estate | |
| Dream Industrial Real Estate Investment Trust | 0.28 | 0.35 | 0.36 | 81 | Real Estate | |
| Royal Bank of Canada | 0.49 | 0.45 | 0.47 | 97 | Financial Services |
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