Looking to balance out your exposure to AAPL.TO? The ETFs below have the lowest correlation with AAPL.TO — they tend to move on their own, which can help reduce risk when AAPL.TO drops. The stock ideas table highlights individual companies that behave independently from AAPL.TO.
Best Diversifiers for AAPL.TO
0 ETFs have low correlation with AAPL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard All-Equity ETF Portfolio (VEQT.TO) (Global Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard All-Equity ETF Portfolio | 0.40 | 0.46 | — | 89 | Global Equities | AAPL.TO vs VEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAPL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAPL.TO and solid risk/return profiles. The least correlated is Alimentation Couche-Tard Inc. (ATD.TO) (Consumer Cyclical) with a 1Y correlation of 0.09, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alimentation Couche-Tard Inc. | 0.09 | 0.16 | 0.19 | 81 | Consumer Cyclical | |
| Cameco Corporation | 0.15 | 0.14 | 0.18 | 69 | Energy |
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