Looking to balance out your exposure to ATD.TO? The ETFs below have the lowest correlation with ATD.TO — they tend to move on their own, which can help reduce risk when ATD.TO drops. The stock ideas table highlights individual companies that behave independently from ATD.TO.
Best Diversifiers for ATD.TO
12 ETFs have low correlation with ATD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Evolve US High Interest Savings Account Fund (HISU-U.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve US High Interest Savings Account Fund | 0.03 | 0.04 | — | 99 | Money Market | ATD.TO vs HISU-U.TO | |
| Global X High Interest Savings ETF | 0.07 | 0.01 | 0.03 | 100 | Money Market | ATD.TO vs CASH.TO | |
| BMO NASDAQ 100 Equity (CAD Hedged) | 0.11 | 0.19 | 0.28 | 67 | Nasdaq-100 | ATD.TO vs ZQQ.TO | |
| BMO S&P 500 Index ETF | 0.16 | 0.24 | 0.32 | 72 | S&P 500 | ATD.TO vs ZSP.TO | |
| Vanguard S&P 500 Index ETF | 0.17 | 0.24 | 0.32 | 74 | S&P 500 | ATD.TO vs VFV.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATD.TO and solid risk/return profiles. The least correlated is Freehold Royalties Ltd. (FRU.TO) (Energy) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Freehold Royalties Ltd. | -0.09 | -0.01 | 0.09 | 93 | Energy | |
| Suncor Energy Inc. | -0.08 | 0.01 | 0.09 | 96 | Energy | |
| Canadian Natural Resources Limited | -0.06 | 0.04 | 0.11 | 86 | Energy | |
| Tenaz Energy Corp. | -0.06 | 0.03 | 0.09 | 95 | Energy | |
| CES Energy Solutions Corp. | 0.01 | 0.08 | 0.12 | 98 | Energy |
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