Looking to balance out your exposure to BTO.TO? The ETFs below have the lowest correlation with BTO.TO — they tend to move on their own, which can help reduce risk when BTO.TO drops. The stock ideas table highlights individual companies that behave independently from BTO.TO.
No Diversifiers Found for BTO.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 BTO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTO.TO and solid risk/return profiles. The least correlated is Canadian National Railway Company (CNR.TO) (Industrials) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian National Railway Company | 0.11 | 0.11 | 0.13 | 63 | Industrials | |
| National Bank of Canada | 0.25 | 0.17 | 0.16 | 95 | Financial Services | |
| Osisko Gold Royalties Ltd | 0.66 | 0.64 | 0.69 | 63 | Basic Materials | |
| Equinox Gold Corp. | 0.67 | 0.67 | 0.70 | 71 | Basic Materials | |
| Dundee Precious Metals Inc. | 0.68 | 0.61 | 0.66 | 88 | Basic Materials |
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