Looking to balance out your exposure to BYD.TO? The ETFs below have the lowest correlation with BYD.TO — they tend to move on their own, which can help reduce risk when BYD.TO drops. The stock ideas table highlights individual companies that behave independently from BYD.TO.
No Diversifiers Found for BYD.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 BYD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BYD.TO and solid risk/return profiles. The least correlated is TFI International Inc. (TFII.TO) (Industrials) with a 1Y correlation of 0.27, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TFI International Inc. | 0.27 | 0.17 | 0.22 | 90 | Industrials | |
| Alimentation Couche-Tard Inc. | 0.28 | 0.16 | 0.18 | 62 | Consumer Cyclical |
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