Looking to diversify beyond VVL.TO? The ETFs below have historically moved differently from VVL.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 VVL.TO
9 ETFs have low correlation with VVL.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) (Small Cap Blend Equities) with a 1Y correlation of -0.03, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manulife Multifactor U.S. Small Cap Index ETF Hedg... | -0.03 | 0.03 | 0.09 | 88 | Small Cap Blend Equities, Multi-factor | VVL.TO vs MUSC.TO | |
| Global X Innovative Bluechip Top 10 Index ETF | 0.01 | — | — | 70 | Global Equities | VVL.TO vs TTTX.TO | |
| CI Global Core Plus Equity ETF | 0.16 | 0.26 | 0.31 | 86 | Global Equities, Actively Managed | VVL.TO vs ONEQ.TO | |
| BMO Laddered Preferred Share Index ETF | 0.19 | 0.25 | 0.30 | 97 | Preferred Stock | VVL.TO vs ZPR.TO | |
| Harvest Equal Weight Global Utilities Enhanced Inc... | 0.20 | 0.24 | — | 51 | Derivative Income, Utilities Equities | VVL.TO vs HUTE.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VVL.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Energy Fuels Inc. (EFR.TO) (Energy) with a 1Y correlation of 0.10, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Fuels Inc. | 0.10 | 0.12 | 0.29 | 57 | Energy | |
| National Bank of Canada | 0.44 | 0.39 | 0.50 | 98 | Financial Services |
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