Looking to balance out your exposure to AGI.TO? The ETFs below have the lowest correlation with AGI.TO — they tend to move on their own, which can help reduce risk when AGI.TO drops. The stock ideas table highlights individual companies that behave independently from AGI.TO.
Best Diversifiers for AGI.TO
2 ETFs have low correlation with AGI.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | 0.14 | — | — | 51 | Derivative Income, Short-Term Bond | AGI.TO vs HBIL.TO | |
| iShares Core Balanced ETF Portfolio | 0.27 | 0.27 | 0.23 | 65 | Diversified Portfolio | AGI.TO vs XBAL.TO | |
| iShares Core Equity ETF Portfolio | 0.32 | 0.27 | 0.22 | 80 | Global Equities | AGI.TO vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGI.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.00 | 0.10 | 0.14 | 85 | Energy | |
| Whitecap Resources Inc. | 0.02 | 0.08 | 0.14 | 97 | Energy | |
| Manulife Financial Corporation | 0.05 | 0.09 | 0.12 | 76 | Financial Services | |
| Maple Leaf Foods Inc. | 0.13 | 0.10 | 0.09 | 74 | Consumer Defensive | |
| National Bank of Canada | 0.24 | 0.16 | 0.14 | 96 | Financial Services |
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