Looking to balance out your exposure to CGG.TO? The ETFs below have the lowest correlation with CGG.TO — they tend to move on their own, which can help reduce risk when CGG.TO drops. The stock ideas table highlights individual companies that behave independently from CGG.TO.
Best Diversifiers for CGG.TO
1 ETFs have low correlation with CGG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) (Dividend) with a 1Y correlation of 0.16, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.16 | 0.19 | 0.17 | 98 | Dividend | CGG.TO vs VDY.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGG.TO and solid risk/return profiles. The least correlated is 5N Plus Inc. (VNP.TO) (Basic Materials) with a 1Y correlation of 0.21, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | 0.21 | 0.14 | 0.14 | 99 | Basic Materials | |
| Almonty Industries Inc. | 0.34 | 0.18 | 0.14 | 80 | Basic Materials | |
| Faraday Copper Corp. | 0.35 | 0.21 | 0.19 | 99 | Basic Materials | |
| Wesdome Gold Mines Ltd. | 0.43 | 0.32 | 0.32 | 63 | Basic Materials | |
| Rio2 Ltd | 0.43 | 0.25 | 0.20 | 77 | Basic Materials |
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