Looking to balance out your exposure to BIPC.TO? The ETFs below have the lowest correlation with BIPC.TO — they tend to move on their own, which can help reduce risk when BIPC.TO drops. The stock ideas table highlights individual companies that behave independently from BIPC.TO.
Best Diversifiers for BIPC.TO
4 ETFs have low correlation with BIPC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.02 | 0.02 | — | 100 | Money Market | BIPC.TO vs CASH.TO | |
| Global X Lithium Producers Index ETF | 0.17 | 0.21 | — | 87 | Commodity Producers Equities | BIPC.TO vs HLIT.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.21 | 0.24 | — | 94 | Semiconductors, Technology Equities | BIPC.TO vs CHPS.TO | |
| iShares S&P/TSX Global Base Metals Index ETF | 0.24 | 0.29 | 0.28 | 85 | Energy Equities | BIPC.TO vs XBM.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIPC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIPC.TO and solid risk/return profiles. The least correlated is Pembina Pipeline Corporation (PPL.TO) (Energy) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | -0.04 | 0.17 | 0.18 | 83 | Energy | |
| Fortis Inc. | -0.01 | 0.22 | 0.20 | 79 | Utilities | |
| Loblaw Companies Limited | 0.04 | 0.15 | 0.11 | 54 | Consumer Defensive | |
| BCE Inc. | 0.05 | 0.16 | 0.20 | 69 | Communication Services | |
| Brookfield Corporation | 0.32 | 0.46 | 0.42 | 55 | Financial Services |
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