Looking to balance out your exposure to VLE.TO? The ETFs below have the lowest correlation with VLE.TO — they tend to move on their own, which can help reduce risk when VLE.TO drops. The stock ideas table highlights individual companies that behave independently from VLE.TO.
No Diversifiers Found for VLE.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VLE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VLE.TO and solid risk/return profiles. The least correlated is Athabasca Oil Corporation (ATH.TO) (Energy) with a 1Y correlation of 0.43, up from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Athabasca Oil Corporation | 0.43 | 0.42 | 0.33 | 94 | Energy | |
| Spartan Delta Corp. | 0.46 | 0.40 | 0.29 | 99 | Energy | |
| Tenaz Energy Corp. | 0.47 | 0.31 | 0.23 | 95 | Energy | |
| Tamarack Valley Energy Ltd. | 0.51 | 0.48 | 0.36 | 99 | Energy | |
| Saturn Oil & Gas Inc | 0.52 | 0.44 | 0.32 | 98 | Energy |
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