Looking to diversify beyond CORE.TO? The ETFs below have the lowest correlation with CORE.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CORE.TO.
Best Diversifiers for CORE.TO
11 ETFs have low correlation with CORE.TO (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ninepoint Energy ETF | -0.38 | — | — | 79 | Energy Equities | CORE.TO vs NNRG.NEO | |
| iShares S&P/TSX Composite High Dividend Index ETF | -0.00 | — | — | 98 | Canada Equities | CORE.TO vs XEI.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | — | — | 99 | Canadian Government Bonds | CORE.TO vs CBIL.TO | |
| TD Cash Management ETF | 0.06 | 0.08 | 0.08 | 99 | Ultrashort Bond | CORE.TO vs TCSH.TO | |
| iShares Floating Rate Index ETF | 0.07 | — | — | 98 | Canadian Government Bonds | CORE.TO vs XFR.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CORE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CORE.TO and solid risk/return profiles. The least correlated is Whitecap Resources Inc. (WCP.TO) (Energy) with a 1Y correlation of -0.35, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Whitecap Resources Inc. | -0.35 | -0.25 | -0.25 | 93 | Energy | |
| Cenovus Energy Inc. | -0.31 | — | — | 95 | Energy |
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