Looking to diversify beyond VGG.TO? The ETFs below have historically moved differently from VGG.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VGG.TO
10 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 -0.04, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ninepoint Energy ETF | -0.04 | 0.07 | 0.12 | 88 | Energy Equities | VGG.TO vs NNRG.NEO | |
| BMO Money Market Fund ETF Series | 0.07 | 0.03 | — | 99 | Money Market | VGG.TO vs ZMMK.TO | |
| iShares Premium Money Market ETF | 0.09 | 0.07 | 0.06 | 100 | Money Market | VGG.TO vs CMR.TO | |
| BMO Covered Call Utilities ETF | 0.11 | 0.28 | 0.35 | 64 | Utilities Equities, Derivative Income | VGG.TO vs ZWU.TO | |
| BMO Ultra Short-Term Bond ETF | 0.14 | 0.09 | 0.12 | 61 | Ultrashort Bond | VGG.TO vs ZST.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VGG.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CT Real Estate Investment Trust (CRT-UN.TO) (Real Estate) with a 1Y correlation of 0.23, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CT Real Estate Investment Trust | 0.23 | 0.25 | 0.33 | 93 | Real Estate | |
| Dream Industrial Real Estate Investment Trust | 0.29 | 0.34 | 0.36 | 88 | Real Estate | |
| Royal Bank of Canada | 0.46 | 0.45 | 0.47 | 99 | Financial Services |
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