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Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 16, 2026

The ETF seeks to track the performance of a broad global equity index covering developed markets excluding the U.S. and Canada, with currency exposure hedged to the Canadian dollar. It primarily invests in large-, mid-, and small-cap stocks of companies in these developed markets and uses derivatives to hedge foreign currency risk.

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

Best Diversifiers for VI.TO

1 ETFs have low correlation with VI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust International Capital Strength ETF (FINT.TO) (International Equity) with a 1Y correlation of 0.27, roughly unchanged from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FINT.TO
First Trust International Capital Strength ETF0.270.160.21
55
International EquityVI.TO vs FINT.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.300.330.30
82
International EquityVI.TO vs QDXH.TO
KNGX.TO
Brompton International Cash Flow Kings ETF0.42——
92
International EquityVI.TO vs KNGX.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.430.570.63
99
DividendVI.TO vs VDY.TO
FLVI.NEO
Franklin International Low Volatility High Dividen...0.57——
89
International EquityVI.TO vs FLVI.NEO
See all 35 diversifiers for VI.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VI.TO and solid risk/return profiles. The least correlated is Chartwell Retirement Residences (CSH-UN.TO) (Real Estate) with a 1Y correlation of 0.19, down from 0.31 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CSH-UN.TO
Chartwell Retirement Residences0.190.230.31
82
Real Estate
ATD.TO
Alimentation Couche-Tard Inc.0.190.260.32
81
Consumer Cyclical
BBD-B.TO
Bombardier Inc0.440.390.44
92
Industrials
RY.TO
Royal Bank of Canada0.500.520.57
99
Financial Services

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Diversification Analysis

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