Looking to balance out your exposure to CCA.TO? The ETFs below have the lowest correlation with CCA.TO — they tend to move on their own, which can help reduce risk when CCA.TO drops. The stock ideas table highlights individual companies that behave independently from CCA.TO.
No Diversifiers Found for CCA.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 CCA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCA.TO and solid risk/return profiles. The least correlated is Emera Incorporated (EMA.TO) (Utilities) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Incorporated | -0.05 | 0.14 | 0.14 | 86 | Utilities | |
| Capital Power Corporation | -0.03 | 0.12 | 0.12 | 67 | Utilities | |
| Gibson Energy Inc. | -0.00 | 0.15 | 0.16 | 81 | Energy | |
| BCE Inc. | 0.19 | 0.29 | 0.28 | 71 | Communication Services | |
| Rogers Communications Inc | 0.26 | 0.33 | 0.33 | 86 | Communication Services |
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