Looking to balance out your exposure to BDT.TO? The ETFs below have the lowest correlation with BDT.TO — they tend to move on their own, which can help reduce risk when BDT.TO drops. The stock ideas table highlights individual companies that behave independently from BDT.TO.
Best Diversifiers for BDT.TO
2 ETFs have low correlation with BDT.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Horizons NASDAQ-100 Index ETF (HXQ.TO) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Horizons NASDAQ-100 Index ETF | 0.27 | 0.32 | 0.34 | 76 | Nasdaq-100 | BDT.TO vs HXQ.TO | |
| Vanguard S&P 500 Index ETF | 0.28 | 0.35 | 0.37 | 78 | S&P 500 | BDT.TO vs VFV.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | 0.31 | 0.33 | — | 96 | Derivative Income | BDT.TO vs BANK.TO | |
| RBC Canadian Bank Yield Index ETF | 0.32 | 0.34 | 0.39 | 96 | Financials Equities | BDT.TO vs RBNK.TO | |
| Global X Equal Weight Banks Index ETF | 0.32 | — | — | 96 | Financials Equities | BDT.TO vs HBNK.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDT.TO and solid risk/return profiles. The least correlated is Rogers Sugar Inc. (RSI.TO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rogers Sugar Inc. | -0.03 | 0.10 | 0.17 | 84 | Consumer Defensive | |
| Whitecap Resources Inc. | 0.10 | 0.17 | 0.20 | 97 | Energy | |
| Granite Real Estate Investment Trust | 0.12 | 0.20 | 0.25 | 88 | Real Estate | |
| Secure Energy Services Inc. | 0.12 | 0.18 | 0.24 | 78 | Industrials | |
| Extendicare Inc. | 0.17 | 0.15 | 0.22 | 97 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BDT.TO
Add BDT.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BDT.TO