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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 Jun 5, 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

0 ETFs have low correlation with VI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) (International Equity) with a 1Y correlation of 0.41, roughly unchanged from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.410.390.34
67
International EquityVI.TO vs QDXH.TO
KNGX.TO
Brompton International Cash Flow Kings ETF0.45——
89
International EquityVI.TO vs KNGX.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.470.600.64
98
DividendVI.TO vs VDY.TO
VFV.TO
Vanguard S&P 500 Index ETF0.630.580.62
78
S&P 500VI.TO vs VFV.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETF0.640.700.74
83
Canada EquitiesVI.TO vs VCN.TO
See all 28 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 Alimentation Couche-Tard Inc. (ATD.TO) (Consumer Cyclical) with a 1Y correlation of 0.28, roughly unchanged from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ATD.TO
Alimentation Couche-Tard Inc.0.280.290.33
57
Consumer Cyclical

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Diversification Analysis

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