Looking to diversify beyond BTCC.TO? The ETFs below have the lowest correlation with BTCC.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BTCC.TO.
Best Diversifiers for BTCC.TO
14 ETFs have low correlation with BTCC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.04 | 0.02 | 0.03 | 100 | Money Market | BTCC.TO vs MNY.TO | |
| Purpose USD Cash Management ETF | 0.00 | 0.02 | 0.03 | 100 | Ultrashort Bond, Money Market | BTCC.TO vs MNU-U.TO | |
| Purpose US Cash Fund | 0.01 | 0.02 | 0.02 | 100 | Money Market | BTCC.TO vs PSU-U.TO | |
| Purpose High Interest Savings Fund | 0.01 | 0.02 | 0.01 | 99 | Money Market | BTCC.TO vs PSA.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.07 | 0.10 | 0.15 | 64 | Energy Equities, Canada Equities | BTCC.TO vs XEG.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTCC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTCC.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.25, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.25 | -0.07 | -0.04 | 67 | Consumer Defensive | |
| Enbridge Inc. | -0.08 | 0.04 | 0.11 | 91 | Energy | |
| iA Financial Corporation Inc. | 0.18 | 0.18 | 0.21 | 78 | Financial Services | |
| Lundin Gold Inc. | 0.20 | 0.09 | 0.12 | 54 | Basic Materials | |
| Kinross Gold Corporation | 0.21 | 0.12 | 0.15 | 75 | Basic Materials |
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