Looking to balance out your exposure to ATH.TO? The ETFs below have the lowest correlation with ATH.TO — they tend to move on their own, which can help reduce risk when ATH.TO drops. The stock ideas table highlights individual companies that behave independently from ATH.TO.
No Diversifiers Found for ATH.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATH.TO and solid risk/return profiles. The least correlated is Tenaz Energy Corp. (TNZ.TO) (Energy) with a 1Y correlation of 0.40, up from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenaz Energy Corp. | 0.40 | 0.33 | 0.26 | 95 | Energy | |
| Valeura Energy Inc. | 0.44 | 0.42 | 0.33 | 73 | Energy | |
| Spartan Delta Corp. | 0.54 | 0.53 | 0.54 | 99 | Energy | |
| Saturn Oil & Gas Inc | 0.58 | 0.53 | 0.45 | 98 | Energy | |
| Paramount Resources Ltd. | 0.62 | 0.61 | 0.61 | 86 | Energy |
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