Looking to diversify beyond VSC.TO? The ETFs below have the lowest correlation with VSC.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 VSC.TO.
Best Diversifiers for VSC.TO
4 ETFs have low correlation with VSC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is TD Cash Management ETF (TCSH.TO) (Canadian Government Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TD Cash Management ETF | 0.09 | 0.13 | 0.13 | 99 | Canadian Government Bonds | VSC.TO vs TCSH.TO | |
| Global X High Interest Savings ETF | 0.11 | 0.10 | — | 100 | Money Market | VSC.TO vs CASH.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.15 | 0.18 | 0.11 | 98 | Dividend | VSC.TO vs VDY.TO | |
| TD Active Preferred Share ETF | 0.18 | 0.11 | 0.11 | 96 | Preferred Stock/Convertible Bonds | VSC.TO vs TPRF.TO | |
| Vanguard S&P 500 Index ETF | 0.30 | 0.17 | 0.15 | 74 | S&P 500 | VSC.TO vs VFV.TO |
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