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Bombardier Inc (BBD-B.TO) Diversifiers

Equity · Currency in CAD · Last updated Jul 1, 2026

Bombardier Inc. specializes in manufacturing and selling business aircraft and aircraft structural components globally, offering new and pre-owned aircraft, specialized solutions, and comprehensive aftermarket services. Catering to multinational corporations, charter providers, governments, and private individuals, the company is recognized for its strong focus on parts, smart services, service centers, training, and technical publications.

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.

Best Diversifiers for BBD-B.TO

0 ETFs have low correlation with BBD-B.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (CAD-hedged) (VSP.TO) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VSP.TO
Vanguard S&P 500 Index ETF (CAD-hedged)0.380.440.43
51
S&P 500BBD-B.TO vs VSP.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF0.440.400.40
98
Financials Equities, Canada Equities, Leveraged EquitiesBBD-B.TO vs HCAL.TO
XIU.TO
iShares S&P/TSX 60 Index ETF0.450.410.44
89
Canada EquitiesBBD-B.TO vs XIU.TO

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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 -0.06, down from 0.17 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.060.110.17
77
Energy
L.TO
Loblaw Companies Limited-0.010.070.05
63
Consumer Defensive
PPL.TO
Pembina Pipeline Corporation0.010.080.14
85
Energy
TVE.TO
Tamarack Valley Energy Ltd.0.010.130.17
98
Energy
KEY.TO
Keyera Corp.0.040.100.16
81
Energy
See all 35 low-correlation stocks for BBD-B.TO

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Diversification Analysis

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