Looking to balance out your exposure to CAS.TO? The ETFs below have the lowest correlation with CAS.TO — they tend to move on their own, which can help reduce risk when CAS.TO drops. The stock ideas table highlights individual companies that behave independently from CAS.TO.
No Diversifiers Found for CAS.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 CAS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAS.TO and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU.TO) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.06 | 0.10 | 0.15 | 95 | Energy | |
| Power Corporation of Canada | 0.11 | 0.13 | 0.20 | 95 | Financial Services | |
| Savaria Corporation | 0.27 | 0.25 | 0.25 | 93 | Industrials |
Build a portfolio that complements CAS.TO
Add CAS.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAS.TO