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 Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of 0.12, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.12 | 0.17 | 0.25 | 94 | Financial Services | |
| Lundin Mining Corporation | 0.14 | 0.15 | 0.18 | 95 | Basic Materials | |
| Exchange Income Corporation | 0.22 | 0.27 | 0.27 | 98 | Industrials | |
| Toromont Industries Ltd. | 0.28 | 0.34 | 0.35 | 97 | Industrials | |
| Alimentation Couche-Tard Inc. | 0.34 | 0.29 | 0.28 | 55 | Consumer Cyclical |
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