Looking to balance out your exposure to ARIS.TO? The ETFs below have the lowest correlation with ARIS.TO — they tend to move on their own, which can help reduce risk when ARIS.TO drops. The stock ideas table highlights individual companies that behave independently from ARIS.TO.
Best Diversifiers for ARIS.TO
0 ETFs have low correlation with ARIS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) (Derivative Income) with a 1Y correlation of 0.35, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.35 | 0.28 | 0.26 | 96 | Derivative Income | ARIS.TO vs BANK.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARIS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARIS.TO and solid risk/return profiles. The least correlated is Almonty Industries Inc. (AII.TO) (Basic Materials) with a 1Y correlation of 0.27, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Almonty Industries Inc. | 0.27 | 0.23 | 0.20 | 96 | Basic Materials | |
| National Bank of Canada | 0.29 | 0.18 | 0.19 | 95 | Financial Services | |
| Allied Gold Corporation | 0.43 | — | — | 81 | Basic Materials | |
| AbraSilver Resource Corp | 0.51 | 0.50 | 0.47 | 94 | Basic Materials | |
| Montage Gold Corp | 0.54 | 0.38 | 0.32 | 96 | Basic Materials |
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