Looking to diversify beyond VRIF.TO? The ETFs below have the lowest correlation with VRIF.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 VRIF.TO.
Best Diversifiers for VRIF.TO
4 ETFs have low correlation with VRIF.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.12, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.12 | 0.04 | — | 100 | Money Market | VRIF.TO vs ZMMK.TO | |
| Franklin Growth ETF Portfolio | 0.12 | — | — | 92 | Diversified Portfolio | VRIF.TO vs GRO.TO | |
| iShares S&P/TSX Canadian Preferred Share Index ETF | 0.27 | 0.27 | 0.28 | 93 | Preferred Stock/Convertible Bonds | VRIF.TO vs CPD.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.28 | 0.50 | 0.49 | 98 | Canada Equities | VRIF.TO vs XEI.TO | |
| iShares ESG Conservative Balanced ETF Portfolio | 0.30 | 0.29 | 0.28 | 53 | Diversified Portfolio | VRIF.TO vs GCNS.TO |
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