Looking to balance out your exposure to AYA.TO? The ETFs below have the lowest correlation with AYA.TO — they tend to move on their own, which can help reduce risk when AYA.TO drops. The stock ideas table highlights individual companies that behave independently from AYA.TO.
No Diversifiers Found for AYA.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 AYA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AYA.TO and solid risk/return profiles. The least correlated is 5N Plus Inc. (VNP.TO) (Basic Materials) with a 1Y correlation of 0.22, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | 0.22 | 0.14 | 0.16 | 99 | Basic Materials | |
| Aritzia Inc. | 0.31 | 0.20 | 0.17 | 94 | Consumer Cyclical | |
| Almonty Industries Inc. | 0.35 | 0.24 | 0.18 | 80 | Basic Materials | |
| Faraday Copper Corp. | 0.42 | 0.26 | 0.21 | 99 | Basic Materials | |
| China Gold International Resources Corp. Ltd. | 0.51 | 0.38 | 0.36 | 75 | Basic Materials |
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