Looking to balance out your exposure to VLN.TO? The ETFs below have the lowest correlation with VLN.TO — they tend to move on their own, which can help reduce risk when VLN.TO drops. The stock ideas table highlights individual companies that behave independently from VLN.TO.
No Diversifiers Found for VLN.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 VLN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VLN.TO and solid risk/return profiles. The least correlated is Magellan Aerospace Corporation (MAL.TO) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Magellan Aerospace Corporation | 0.15 | 0.11 | 0.06 | 85 | Industrials |
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