Looking to balance out your exposure to CJT.TO? The ETFs below have the lowest correlation with CJT.TO — they tend to move on their own, which can help reduce risk when CJT.TO drops. The stock ideas table highlights individual companies that behave independently from CJT.TO.
Best Diversifiers for CJT.TO
0 ETFs have low correlation with CJT.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) (Canada Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P/TSX Capped Composite Index ETF | 0.42 | 0.43 | 0.46 | 82 | Canada Equities | CJT.TO vs XIC.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CJT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CJT.TO and solid risk/return profiles. The least correlated is Granite Real Estate Investment Trust (GRT-UN.TO) (Real Estate) with a 1Y correlation of 0.15, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Granite Real Estate Investment Trust | 0.15 | 0.23 | 0.25 | 89 | Real Estate | |
| TFI International Inc. | 0.35 | 0.33 | 0.37 | 90 | Industrials |
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