Looking to balance out your exposure to CGO.TO? The ETFs below have the lowest correlation with CGO.TO — they tend to move on their own, which can help reduce risk when CGO.TO drops. The stock ideas table highlights individual companies that behave independently from CGO.TO.
No Diversifiers Found for CGO.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 CGO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGO.TO and solid risk/return profiles. The least correlated is Pembina Pipeline Corporation (PPL.TO) (Energy) with a 1Y correlation of 0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | 0.03 | 0.18 | 0.18 | 83 | Energy | |
| Power Corporation of Canada | 0.09 | 0.17 | 0.25 | 94 | Financial Services | |
| Orezone Gold Corporation | 0.11 | 0.09 | 0.09 | 75 | Basic Materials | |
| BCE Inc. | 0.21 | 0.29 | 0.28 | 69 | Communication Services |
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