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Looking to diversify beyond VRE.TO? The ETFs below have the lowest correlation with VRE.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 VRE.TO.

Best Diversifiers for VRE.TO

2 ETFs have low correlation with VRE.TO (below 0.3), 1 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 -0.17, down from 0.17 over 5 years.


Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VRE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VRE.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of 0.06, down from 0.31 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Enbridge Inc.0.060.260.31
81
Energy
SmartCentres Real Estate Investment Trust0.720.760.79
82
Real Estate

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Diversification Analysis

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