Looking to balance out your exposure to BDGI.TO? The ETFs below have the lowest correlation with BDGI.TO — they tend to move on their own, which can help reduce risk when BDGI.TO drops. The stock ideas table highlights individual companies that behave independently from BDGI.TO.
No Diversifiers Found for BDGI.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 BDGI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDGI.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.09 | 0.04 | 0.05 | 54 | Consumer Defensive | |
| Quebecor Inc | -0.07 | 0.03 | 0.08 | 96 | Communication Services | |
| Tamarack Valley Energy Ltd. | -0.04 | 0.10 | 0.19 | 99 | Energy | |
| Laurentian Bank of Canada | 0.05 | 0.19 | 0.28 | 96 | Financial Services | |
| Great-West Lifeco Inc. | 0.06 | 0.09 | 0.22 | 95 | Financial Services |
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