Looking to balance out your exposure to BBD-B.TO? The ETFs below have the lowest correlation with BBD-B.TO — they tend to move on their own, which can help reduce risk when BBD-B.TO drops. The stock ideas table highlights individual companies that behave independently from BBD-B.TO.
No Diversifiers Found for BBD-B.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 BBD-B.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBD-B.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.10 | 0.11 | 0.17 | 86 | Energy | |
| Pembina Pipeline Corporation | -0.04 | 0.07 | 0.14 | 83 | Energy | |
| Loblaw Companies Limited | -0.02 | 0.08 | 0.05 | 54 | Consumer Defensive | |
| Tamarack Valley Energy Ltd. | -0.01 | 0.13 | 0.17 | 99 | Energy | |
| Keyera Corp. | 0.02 | 0.10 | 0.17 | 82 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BBD-B.TO
Add BBD-B.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BBD-B.TO