Looking to balance out your exposure to VHI.TO? The ETFs below have the lowest correlation with VHI.TO — they tend to move on their own, which can help reduce risk when VHI.TO drops. The stock ideas table highlights individual companies that behave independently from VHI.TO.
Best Diversifiers for VHI.TO
1 ETFs have low correlation with VHI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Equity ETF Portfolio (XEQT.TO) (Global Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio | 0.20 | 0.21 | — | 80 | Global Equities | VHI.TO vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VHI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VHI.TO and solid risk/return profiles. The least correlated is Extendicare Inc. (EXE.TO) (Healthcare) with a 1Y correlation of 0.00, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Extendicare Inc. | 0.00 | 0.07 | — | 97 | Healthcare | |
| Freehold Royalties Ltd. | 0.17 | 0.10 | 0.09 | 94 | Energy | |
| Brookfield Corporation | 0.26 | 0.20 | — | 60 | Financial Services | |
| WELL Health Technologies Corp. | 0.41 | 0.20 | — | 58 | Healthcare |
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