Looking to balance out your exposure to AGF-B.TO? The ETFs below have the lowest correlation with AGF-B.TO — they tend to move on their own, which can help reduce risk when AGF-B.TO drops. The stock ideas table highlights individual companies that behave independently from AGF-B.TO.
Best Diversifiers for AGF-B.TO
0 ETFs have low correlation with AGF-B.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) (Japan Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Japan Fundamental Index ETF (CAD-Hedged) | 0.32 | 0.28 | 0.29 | 88 | Japan Equities | AGF-B.TO vs CJP.NEO | |
| Hamilton Enhanced Canadian Bank ETF | 0.40 | 0.36 | 0.41 | 96 | Leveraged Equities | AGF-B.TO vs HCAL.TO | |
| Global X S&P/TSX 60 Corporate Class ETF | 0.44 | 0.45 | 0.47 | 87 | Canada Equities | AGF-B.TO vs HXT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGF-B.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGF-B.TO and solid risk/return profiles. The least correlated is Quebecor Inc (QBR-A.TO) (Communication Services) with a 1Y correlation of -0.04, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quebecor Inc | -0.04 | 0.06 | 0.10 | 94 | Communication Services | |
| Quebecor Inc | 0.02 | 0.04 | 0.11 | 95 | Communication Services | |
| Granite Real Estate Investment Trust | 0.11 | 0.20 | 0.24 | 88 | Real Estate | |
| Extendicare Inc. | 0.13 | 0.17 | 0.24 | 97 | Healthcare | |
| Power Corporation of Canada | 0.18 | 0.20 | 0.28 | 94 | Financial Services |
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