Looking to diversify beyond VSP.TO? The ETFs below have the lowest correlation with VSP.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 VSP.TO.
Best Diversifiers for VSP.TO
6 ETFs have low correlation with VSP.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.02 | 0.05 | — | 100 | Money Market | VSP.TO vs CASH.TO | |
| iShares Premium Money Market ETF | 0.01 | 0.03 | 0.00 | 99 | Money Market | VSP.TO vs CMR.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | 0.05 | 0.04 | 99 | Canadian Government Bonds | VSP.TO vs CBIL.TO | |
| BMO Money Market Fund ETF Series | 0.11 | 0.06 | 0.04 | 100 | Money Market | VSP.TO vs ZMMK.TO | |
| Purpose Global Bond Fund | 0.19 | 0.23 | 0.23 | 55 | VSP.TO vs BND.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VSP.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VSP.TO and solid risk/return profiles. The least correlated is AltaGas Ltd. (ALA.TO) (Utilities) with a 1Y correlation of -0.26, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AltaGas Ltd. | -0.26 | 0.07 | 0.21 | 92 | Utilities | |
| Enbridge Inc. | -0.14 | 0.12 | 0.24 | 81 | Energy | |
| Canadian Natural Resources Limited | -0.13 | 0.11 | 0.22 | 86 | Energy | |
| Dividend 15 Split Corp. | 0.48 | 0.44 | 0.44 | 96 | Financial Services | |
| The Toronto-Dominion Bank | 0.52 | 0.42 | 0.46 | 98 | Financial Services |
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