Looking to balance out your exposure to BDI.TO? The ETFs below have the lowest correlation with BDI.TO — they tend to move on their own, which can help reduce risk when BDI.TO drops. The stock ideas table highlights individual companies that behave independently from BDI.TO.
No Diversifiers Found for BDI.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 BDI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDI.TO and solid risk/return profiles. The least correlated is Quebecor Inc (QBR-B.TO) (Communication Services) with a 1Y correlation of -0.20, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quebecor Inc | -0.20 | -0.00 | 0.05 | 96 | Communication Services | |
| Quebecor Inc | -0.18 | -0.03 | 0.00 | 96 | Communication Services | |
| Strathcona Resources Ltd. | -0.07 | 0.11 | 0.20 | 72 | Energy | |
| Tamarack Valley Energy Ltd. | 0.04 | 0.12 | 0.22 | 99 | Energy | |
| Extendicare Inc. | 0.05 | 0.11 | 0.16 | 97 | Healthcare |
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