Looking to balance out your exposure to APR-UN.TO? The ETFs below have the lowest correlation with APR-UN.TO — they tend to move on their own, which can help reduce risk when APR-UN.TO drops. The stock ideas table highlights individual companies that behave independently from APR-UN.TO.
Best Diversifiers for APR-UN.TO
2 ETFs have low correlation with APR-UN.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Utilities YIELD MAXIMIZER ETF | 0.21 | — | — | 58 | Derivative Income, Utilities Equities | APR-UN.TO vs UMAX.TO | |
| BMO US High Dividend Covered Call ETF | 0.30 | 0.26 | 0.25 | 85 | Derivative Income | APR-UN.TO vs ZWH.TO | |
| Hamilton Canadian Financials YIELD MAXIMIZER ETF | 0.37 | 0.36 | — | 91 | Derivative Income | APR-UN.TO vs HMAX.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APR-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APR-UN.TO and solid risk/return profiles. The least correlated is SmartCentres Real Estate Investment Trust (SRU-UN.TO) (Real Estate) with a 1Y correlation of 0.40, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SmartCentres Real Estate Investment Trust | 0.40 | 0.40 | 0.42 | 82 | Real Estate |
Build a portfolio that complements APR-UN.TO
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