Looking to balance out your exposure to AC.TO? The ETFs below have the lowest correlation with AC.TO — they tend to move on their own, which can help reduce risk when AC.TO drops. The stock ideas table highlights individual companies that behave independently from AC.TO.
Best Diversifiers for AC.TO
2 ETFs have low correlation with AC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.12, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.12 | 0.31 | 0.37 | 98 | Canada Equities | AC.TO vs XEI.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.25 | 0.35 | 0.41 | 98 | Dividend | AC.TO vs VDY.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.37 | 0.30 | 0.35 | 75 | Nasdaq-100 | AC.TO vs ZNQ.TO | |
| iShares S&P/TSX 60 Index ETF | 0.38 | 0.42 | 0.45 | 87 | Canada Equities | AC.TO vs XIU.TO | |
| Vanguard FTSE Canada All Cap Index ETF | 0.39 | 0.43 | 0.47 | 83 | Canada Equities | AC.TO vs VCN.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AC.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.16 | 0.06 | 0.16 | 85 | Energy | |
| Cenovus Energy Inc. | -0.10 | 0.07 | 0.16 | 97 | Energy | |
| Fortis Inc. | -0.09 | -0.00 | -0.04 | 82 | Utilities | |
| Emera Incorporated | -0.05 | 0.06 | 0.01 | 83 | Utilities | |
| Hydro One Limited | -0.05 | 0.04 | -0.00 | 74 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AC.TO
Add AC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AC.TO