Looking to balance out your exposure to ABRA.TO? The ETFs below have the lowest correlation with ABRA.TO — they tend to move on their own, which can help reduce risk when ABRA.TO drops. The stock ideas table highlights individual companies that behave independently from ABRA.TO.
No Diversifiers Found for ABRA.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABRA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABRA.TO and solid risk/return profiles. The least correlated is Almonty Industries Inc. (AII.TO) (Basic Materials) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Almonty Industries Inc. | 0.24 | 0.18 | 0.13 | 80 | Basic Materials | |
| Capstone Copper Corp. | 0.50 | 0.45 | 0.40 | 70 | Basic Materials | |
| Aris Gold Corporation | 0.58 | 0.51 | 0.48 | 89 | Basic Materials | |
| Rio2 Ltd | 0.58 | 0.38 | 0.32 | 77 | Basic Materials | |
| OceanaGold Corporation | 0.61 | 0.47 | 0.45 | 82 | Basic Materials |
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