Looking to diversify beyond VIU.TO? The ETFs below have the lowest correlation with VIU.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 VIU.TO.
Best Diversifiers for VIU.TO
11 ETFs have low correlation with VIU.TO (below 0.3), 4 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.11 | 0.11 | 0.19 | 86 | Energy Equities | VIU.TO vs XEG.TO | |
| Global X 0-3 Month T-Bill ETF | -0.08 | 0.00 | — | 99 | Canadian Government Bonds | VIU.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | -0.02 | 0.01 | — | 100 | Money Market | VIU.TO vs CASH.TO | |
| iShares Premium Money Market ETF | -0.01 | 0.02 | 0.03 | 99 | Money Market | VIU.TO vs CMR.TO | |
| iShares Floating Rate Index ETF | 0.05 | 0.04 | 0.05 | 98 | Canadian Government Bonds | VIU.TO vs XFR.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VIU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VIU.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.11 | 0.12 | 0.19 | 86 | Energy | |
| Enbridge Inc. | -0.05 | 0.19 | 0.25 | 81 | Energy | |
| Energy Fuels Inc. | 0.16 | 0.18 | 0.30 | 87 | Energy | |
| Power Corporation of Canada | 0.20 | 0.26 | 0.37 | 94 | Financial Services | |
| Sprott Physical Gold and Silver Trust | 0.33 | 0.27 | 0.19 | 77 | Financial Services |
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