PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Berkshire Hathaway CDR (CAD Hedged) (BRK.TO) Diversifiers

Equity · Currency in CAD · Last updated Jun 4, 2026

Berkshire Hathaway Inc., through its subsidiaries, operates in insurance, freight rail transportation, utilities, manufacturing, retail, and various other industries, providing a wide range of products and services including insurance, railroad operations, energy generation and distribution, manufacturing of consumer and industrial products, retail sales, and financial services.

Looking to balance out your exposure to BRK.TO? The ETFs below have the lowest correlation with BRK.TO — they tend to move on their own, which can help reduce risk when BRK.TO drops. The stock ideas table highlights individual companies that behave independently from BRK.TO.

Best Diversifiers for BRK.TO

8 ETFs have low correlation with BRK.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Growth ETF Portfolio (XGRO.TO) (Diversified Portfolio) with a 1Y correlation of 0.16, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XGRO.TO
iShares Core Growth ETF Portfolio0.160.260.26
67
Diversified PortfolioBRK.TO vs XGRO.TO
XEQT.TO
iShares Core Equity ETF Portfolio0.18——
75
Global EquitiesBRK.TO vs XEQT.TO
VFV.TO
Vanguard S&P 500 Index ETF0.18——
74
S&P 500BRK.TO vs VFV.TO
VEQT.TO
Vanguard All-Equity ETF Portfolio0.180.280.28
81
Global EquitiesBRK.TO vs VEQT.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETF0.19——
92
Derivative IncomeBRK.TO vs HDIV.TO
See all 8 diversifiers for BRK.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BRK.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRK.TO and solid risk/return profiles.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CPX.TO
Capital Power Corporation-0.10——
68
Utilities
MFI.TO
Maple Leaf Foods Inc.0.080.110.11
73
Consumer Defensive
CHE-UN.TO
Chemtrade Logistics Income Fund0.09——
84
Basic Materials
ENB.TO
Enbridge Inc.0.11——
81
Energy
AD-UN.TO
Alaris Equity Partners Income Trust0.11——
86
Financial Services
See all 13 low-correlation stocks for BRK.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements BRK.TO

Add BRK.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BRK.TO