Looking to balance out your exposure to BEPC.TO? The ETFs below have the lowest correlation with BEPC.TO — they tend to move on their own, which can help reduce risk when BEPC.TO drops. The stock ideas table highlights individual companies that behave independently from BEPC.TO.
Best Diversifiers for BEPC.TO
2 ETFs have low correlation with BEPC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of 0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | 0.00 | 0.13 | 0.11 | 89 | Energy Equities | BEPC.TO vs XEG.TO | |
| BMO Equal Weight Banks Index ETF | 0.25 | 0.33 | 0.26 | 96 | Financials Equities | BEPC.TO vs ZEB.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEPC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEPC.TO and solid risk/return profiles. The least correlated is Emera Incorporated (EMA.TO) (Utilities) with a 1Y correlation of -0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Incorporated | -0.05 | 0.24 | 0.23 | 83 | Utilities | |
| Brookfield Renewable Partners L.P | 0.80 | 0.85 | 0.85 | 88 | Utilities |
Build a portfolio that complements BEPC.TO
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