Looking to balance out your exposure to ADN.TO? The ETFs below have the lowest correlation with ADN.TO — they tend to move on their own, which can help reduce risk when ADN.TO drops. The stock ideas table highlights individual companies that behave independently from ADN.TO.
Best Diversifiers for ADN.TO
1 ETFs have low correlation with ADN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of 0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.07 | 0.20 | 0.18 | 74 | S&P 500 | ADN.TO vs VFV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADN.TO and solid risk/return profiles. The least correlated is Finning International Inc. (FTT.TO) (Industrials) with a 1Y correlation of 0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Finning International Inc. | 0.07 | 0.17 | 0.19 | 95 | Industrials | |
| SmartCentres Real Estate Investment Trust | 0.10 | 0.19 | 0.22 | 82 | Real Estate |
Build a portfolio that complements ADN.TO
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