Looking to diversify beyond BTCX-B.TO? The ETFs below have the lowest correlation with BTCX-B.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 BTCX-B.TO.
Best Diversifiers for BTCX-B.TO
6 ETFs have low correlation with BTCX-B.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.01 | 0.05 | — | 100 | Money Market | BTCX-B.TO vs CASH.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.07 | 0.08 | 0.11 | 86 | Energy Equities | BTCX-B.TO vs XEG.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.08 | 0.03 | 0.01 | 66 | Bank Loan | BTCX-B.TO vs HSAV.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.20 | 0.11 | 0.14 | 71 | Momentum, Foreign Large Cap Equities | BTCX-B.TO vs ZXM.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.24 | 0.21 | 0.21 | 98 | Dividend | BTCX-B.TO vs VDY.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTCX-B.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTCX-B.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of 0.08, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.08 | 0.05 | 0.11 | 94 | Financial Services | |
| Sprott Physical Gold Trust | 0.14 | 0.05 | -0.00 | 73 | Financial Services | |
| Sprott Physical Silver Trust | 0.18 | 0.13 | 0.13 | 80 | Financial Services | |
| Cameco Corporation | 0.25 | 0.17 | 0.20 | 84 | Energy |
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