Looking to diversify beyond VXC.TO? The ETFs below have the lowest correlation with VXC.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 VXC.TO.
Best Diversifiers for VXC.TO
8 ETFs have low correlation with VXC.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) (Energy Equities) with a 1Y correlation of -0.15, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P/TSX Capped Energy Index Corporate Cla... | -0.15 | 0.10 | 0.16 | 86 | Energy Equities | VXC.TO vs HXE.TO | |
| Global X High Interest Savings ETF | -0.02 | 0.06 | — | 100 | Money Market | VXC.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.01 | 0.02 | — | 99 | Canadian Government Bonds | VXC.TO vs CBIL.TO | |
| iShares Premium Money Market ETF | 0.01 | 0.05 | 0.04 | 99 | Money Market | VXC.TO vs CMR.TO | |
| BMO Money Market Fund ETF Series | 0.16 | 0.08 | 0.06 | 100 | Money Market | VXC.TO vs ZMMK.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VXC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VXC.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.15 | 0.10 | 0.17 | 86 | Energy | |
| Enbridge Inc. | -0.10 | 0.14 | 0.21 | 81 | Energy | |
| Sprott Physical Gold Trust | 0.17 | 0.09 | 0.00 | 73 | Financial Services | |
| Granite Real Estate Investment Trust | 0.21 | 0.34 | 0.38 | 85 | Real Estate | |
| Dividend 15 Split Corp. | 0.43 | 0.43 | 0.43 | 96 | Financial Services |
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