Looking to diversify beyond VIDY.TO? The ETFs below have the lowest correlation with VIDY.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 VIDY.TO.
Best Diversifiers for VIDY.TO
11 ETFs have low correlation with VIDY.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.13, down from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.13 | -0.00 | — | 99 | Canadian Government Bonds | VIDY.TO vs CBIL.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.05 | 0.17 | 0.25 | 86 | Energy Equities | VIDY.TO vs XEG.TO | |
| Global X High Interest Savings ETF | -0.03 | 0.03 | — | 100 | Money Market | VIDY.TO vs CASH.TO | |
| BMO Equal Weight Oil & Gas Index ETF | -0.03 | 0.19 | 0.28 | 86 | Energy Equities | VIDY.TO vs ZEO.TO | |
| Evolve US High Interest Savings Account Fund | 0.01 | 0.05 | — | 99 | Money Market | VIDY.TO vs HISU-U.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIDY.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIDY.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.07 | 0.14 | 0.23 | 86 | Energy | |
| Enbridge Inc. | 0.07 | 0.25 | 0.29 | 81 | Energy | |
| Cameco Corporation | 0.25 | 0.29 | 0.32 | 84 | Energy | |
| 5N Plus Inc. | 0.27 | 0.28 | 0.31 | 99 | Basic Materials | |
| Dividend 15 Split Corp. | 0.32 | 0.39 | 0.43 | 96 | Financial Services |
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