Looking to balance out your exposure to ATD.TO? The ETFs below have historically moved differently from ATD.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ATD.TO
15 ETFs have low correlation with ATD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.04 | 0.05 | — | 99 | Money Market | ATD.TO vs ZMMK.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | 0.06 | 0.19 | — | 65 | Derivative Income | ATD.TO vs HYLD.TO | |
| Global X High Interest Savings ETF | 0.06 | 0.01 | — | 100 | Money Market | ATD.TO vs CASH.TO | |
| iShares Premium Money Market ETF | 0.08 | 0.03 | -0.01 | 100 | Money Market | ATD.TO vs CMR.TO | |
| BMO S&P 500 Index ETF | 0.08 | 0.20 | 0.30 | 69 | S&P 500 | ATD.TO vs ZSP.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ATD.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Hammond Power Solutions Inc (HPS-A.TO) (Industrials) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hammond Power Solutions Inc | -0.14 | 0.03 | 0.08 | 85 | Industrials | |
| Tourmaline Oil Corp. | -0.09 | 0.00 | 0.05 | 56 | Energy | |
| Freehold Royalties Ltd. | -0.09 | -0.03 | 0.09 | 88 | Energy | |
| Tenaz Energy Corp. | -0.09 | 0.02 | 0.08 | 97 | Energy | |
| Whitecap Resources Inc. | -0.06 | -0.01 | 0.06 | 93 | Energy |
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