Looking to balance out your exposure to AFN.TO? The ETFs below have the lowest correlation with AFN.TO — they tend to move on their own, which can help reduce risk when AFN.TO drops. The stock ideas table highlights individual companies that behave independently from AFN.TO.
No Diversifiers Found for AFN.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 AFN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AFN.TO and solid risk/return profiles. The least correlated is Magellan Aerospace Corporation (MAL.TO) (Industrials) with a 1Y correlation of 0.20, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Magellan Aerospace Corporation | 0.20 | 0.17 | 0.16 | 87 | Industrials |
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