Looking to balance out your exposure to BCE.TO? The ETFs below have the lowest correlation with BCE.TO — they tend to move on their own, which can help reduce risk when BCE.TO drops. The stock ideas table highlights individual companies that behave independently from BCE.TO.
Best Diversifiers for BCE.TO
11 ETFs have low correlation with BCE.TO (below 0.3), 10 of which are negatively correlated. The least correlated is BMO S&P 500 Index ETF (ZSP.TO) (S&P 500) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO S&P 500 Index ETF | -0.13 | -0.06 | 0.09 | 72 | S&P 500 | BCE.TO vs ZSP.TO | |
| Global X S&P 500 Index Corporate Class ETF | -0.13 | -0.06 | 0.09 | 71 | S&P 500 | BCE.TO vs HXS.TO | |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | -0.11 | -0.03 | 0.11 | 61 | S&P 500 | BCE.TO vs XSP.TO | |
| iShares S&P/TSX 60 Index ETF | -0.08 | 0.08 | 0.21 | 82 | Canada Equities | BCE.TO vs XIU.TO | |
| iShares Core Balanced ETF Portfolio | -0.07 | 0.07 | 0.19 | 61 | Diversified Portfolio | BCE.TO vs XBAL.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCE.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.19, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.19 | -0.06 | 0.03 | 86 | Energy | |
| Equitable Group Inc. | -0.09 | -0.01 | 0.07 | 68 | Financial Services | |
| Manulife Financial Corporation | -0.08 | -0.04 | 0.07 | 74 | Financial Services | |
| Brookfield Corporation | -0.07 | 0.04 | 0.13 | 55 | Financial Services | |
| Capital Power Corporation | -0.07 | 0.05 | 0.14 | 68 | Utilities |
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Build a portfolio that complements BCE.TO
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