Looking to diversify beyond VIDY.TO? The ETFs below have historically moved differently from VIDY.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VIDY.TO
14 ETFs have low correlation with VIDY.TO (below 0.3), 5 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 -0.09, roughly unchanged from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.09 | 0.00 | — | 99 | Canadian Government Bonds | VIDY.TO vs CBIL.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.08 | 0.12 | 0.23 | 89 | Energy Equities, Canada Equities | VIDY.TO vs XEG.TO | |
| BMO Equal Weight Oil & Gas Index ETF | -0.05 | 0.15 | 0.26 | 92 | Energy Equities, Equal Weight | VIDY.TO vs ZEO.TO | |
| Global X High Interest Savings ETF | -0.03 | 0.02 | — | 100 | Money Market | VIDY.TO vs CASH.TO | |
| iShares Premium Money Market ETF | -0.01 | 0.02 | 0.01 | 100 | Money Market | VIDY.TO vs CMR.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VIDY.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.12, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.12 | 0.11 | 0.22 | 88 | Energy | |
| Enbridge Inc. | 0.07 | 0.25 | 0.30 | 87 | Energy | |
| 5N Plus Inc. | 0.28 | 0.28 | 0.31 | 94 | Basic Materials | |
| Cameco Corporation | 0.32 | 0.29 | 0.31 | 56 | Energy | |
| Savaria Corporation | 0.35 | 0.33 | 0.33 | 92 | Industrials |
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