Looking to balance out your exposure to CCL-B.TO? The ETFs below have the lowest correlation with CCL-B.TO — they tend to move on their own, which can help reduce risk when CCL-B.TO drops. The stock ideas table highlights individual companies that behave independently from CCL-B.TO.
No Diversifiers Found for CCL-B.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 CCL-B.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCL-B.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.02 | 0.11 | 0.13 | 85 | Energy | |
| Lundin Mining Corporation | 0.11 | 0.15 | 0.17 | 92 | Basic Materials | |
| Power Corporation of Canada | 0.15 | 0.17 | 0.25 | 97 | Financial Services | |
| Exchange Income Corporation | 0.16 | 0.25 | 0.27 | 98 | Industrials | |
| Toromont Industries Ltd. | 0.22 | 0.32 | 0.34 | 97 | Industrials |
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