Looking to balance out your exposure to BEPC.TO? The ETFs below have historically moved differently from BEPC.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.
Best Diversifiers for BEPC.TO
2 ETFs have low correlation with BEPC.TO (below 0.3), 1 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.00 | 0.12 | 0.11 | 89 | Energy Equities, Canada Equities | BEPC.TO vs XEG.TO | |
| BMO Equal Weight Banks Index ETF | 0.23 | 0.31 | 0.26 | 98 | Financials Equities, Equal Weight | BEPC.TO vs ZEB.TO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BEPC.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.TO) (Utilities) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Incorporated | -0.07 | 0.21 | 0.23 | 86 | Utilities | |
| Canadian Pacific Railway Limited | 0.09 | 0.20 | 0.21 | 75 | Industrials | |
| Sprott Physical Gold Trust | 0.17 | 0.08 | 0.07 | 67 | Financial Services | |
| Brookfield Corporation | 0.28 | 0.37 | 0.38 | 81 | Financial Services | |
| Brookfield Infrastructure Corporation | 0.33 | 0.38 | 0.35 | 58 | Utilities |
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