Looking to balance out your exposure to COPR.TO? The ETFs below have the lowest correlation with COPR.TO — they tend to move on their own, which can help reduce risk when COPR.TO drops. The stock ideas table highlights individual companies that behave independently from COPR.TO.
Best Diversifiers for COPR.TO
2 ETFs have low correlation with COPR.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.08 | — | — | 98 | Dividend | COPR.TO vs VDY.TO | |
| Vanguard FTSE Canada All Cap Index ETF | 0.16 | — | — | 77 | Canada Equities | COPR.TO vs VCN.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COPR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COPR.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hudbay Minerals Inc. | 0.29 | — | — | 95 | Basic Materials |
Diversification Analysis
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