Looking to diversify beyond VMO.TO? The ETFs below have historically moved differently from VMO.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 VMO.TO
18 ETFs have low correlation with VMO.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.02 | -0.02 | — | 100 | Money Market | VMO.TO vs MNY.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.00 | 0.11 | 0.24 | 89 | Energy Equities, Canada Equities | VMO.TO vs XEG.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.02 | 0.04 | 0.02 | 63 | Money Market | VMO.TO vs HSAV.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | 0.08 | — | — | 70 | Global Equities | VMO.TO vs TTTX.TO | |
| BMO Money Market Fund ETF Series | 0.09 | 0.04 | — | 99 | Money Market | VMO.TO vs ZMMK.TO |
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