Looking to balance out your exposure to CG.TO? The ETFs below have the lowest correlation with CG.TO — they tend to move on their own, which can help reduce risk when CG.TO drops. The stock ideas table highlights individual companies that behave independently from CG.TO.
No Diversifiers Found for CG.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 CG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CG.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.04 | 0.08 | 0.14 | 81 | Energy | |
| Dundee Precious Metals Inc. | 0.67 | 0.63 | 0.63 | 88 | Basic Materials | |
| K92 Mining Inc. | 0.71 | 0.64 | 0.61 | 70 | Basic Materials | |
| Equinox Gold Corp. | 0.72 | 0.68 | 0.65 | 71 | Basic Materials | |
| B2Gold Corp. | 0.74 | 0.68 | 0.66 | 58 | Basic Materials |
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