Looking to balance out your exposure to BEP-PR.TO? The ETFs below have historically moved differently from BEP-PR.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
No Diversifiers Found for BEP-PR.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BEP-PR.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Emera Incorporated (EMA-PC.TO) (Utilities) with a 1Y correlation of 0.03, roughly unchanged from 0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Incorporated | 0.03 | 0.13 | — | 94 | Utilities | |
| Brookfield Renewable Partners L.P | 0.04 | 0.09 | — | 73 | Utilities | |
| Brookfield Corporation | 0.04 | 0.13 | — | 81 | Financial Services |
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