Looking to balance out your exposure to AMX.V? The ETFs below have the lowest correlation with AMX.V — they tend to move on their own, which can help reduce risk when AMX.V drops. The stock ideas table highlights individual companies that behave independently from AMX.V.
Best Diversifiers for AMX.V
0 ETFs have low correlation with AMX.V (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Equity ETF Portfolio (XEQT.TO) (Global Equities) with a 1Y correlation of 0.41, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio | 0.41 | 0.22 | 0.20 | 87 | Global Equities | AMX.V vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMX.V, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMX.V and solid risk/return profiles. The least correlated is 5N Plus Inc. (VNP.TO) (Basic Materials) with a 1Y correlation of 0.27, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | 0.27 | 0.16 | 0.17 | 97 | Basic Materials | |
| Almonty Industries Inc. | 0.32 | 0.19 | 0.17 | 93 | Basic Materials | |
| Faraday Copper Corp. | 0.37 | 0.18 | 0.16 | 98 | Basic Materials | |
| Amerigo Resources Ltd. | 0.41 | 0.30 | 0.26 | 98 | Basic Materials | |
| China Gold International Resources Corp. Ltd. | 0.42 | 0.24 | 0.25 | 87 | Basic Materials |
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