Looking to balance out your exposure to BIP-PF.TO? The ETFs below have the lowest correlation with BIP-PF.TO — they tend to move on their own, which can help reduce risk when BIP-PF.TO drops. The stock ideas table highlights individual companies that behave independently from BIP-PF.TO.
No Diversifiers Found for BIP-PF.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 BIP-PF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIP-PF.TO and solid risk/return profiles. The least correlated is Brookfield Infrastructure Partners L.P (BIP-UN.TO) (Utilities) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Infrastructure Partners L.P | 0.01 | 0.15 | 0.13 | 76 | Utilities |
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