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Vanguard Growth ETF Portfolio (VGRO.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The fund aims for long-term capital growth through investments in equity and fixed-income securities, including index funds. The portfolio maintains a strategic asset allocation of approximately 80% equity and 20% fixed-income securities, with the ability to rebalance as determined by the sub-advisor.

Looking to diversify beyond VGRO.TO? The ETFs below have the lowest correlation with VGRO.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 VGRO.TO.

Best Diversifiers for VGRO.TO

10 ETFs have low correlation with VGRO.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) (Energy Equities) with a 1Y correlation of -0.13, down from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...-0.130.140.23
89
Energy EquitiesVGRO.TO vs HXE.TO
CMR.TO
iShares Premium Money Market ETF0.010.030.02
99
Money MarketVGRO.TO vs CMR.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF0.020.080.08
99
Canadian Government BondsVGRO.TO vs CBIL.TO
CASH.TO
Global X High Interest Savings ETF0.040.07—
100
Money MarketVGRO.TO vs CASH.TO
GRO.TO
Franklin Growth ETF Portfolio0.08——
92
Diversified PortfolioVGRO.TO vs GRO.TO
See all 104 diversifiers for VGRO.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VGRO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VGRO.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.10, down from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.100.170.24
88
Energy
CVE.TO
Cenovus Energy Inc.-0.100.130.22
97
Energy
ENB.TO
Enbridge Inc.-0.060.210.31
85
Energy
POW.TO
Power Corporation of Canada0.260.290.41
94
Financial Services
PHYS.TO
Sprott Physical Gold Trust0.290.180.07
74
Financial Services
See all 8 low-correlation stocks for VGRO.TO

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Diversification Analysis

Build a portfolio that complements VGRO.TO

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

Analyze a portfolio with VGRO.TO