Looking to balance out your exposure to COST.TO? The ETFs below have the lowest correlation with COST.TO — they tend to move on their own, which can help reduce risk when COST.TO drops. The stock ideas table highlights individual companies that behave independently from COST.TO.
Best Diversifiers for COST.TO
1 ETFs have low correlation with COST.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) (Derivative Income) with a 1Y correlation of 0.01, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harvest Diversified Monthly Income ETF - Class A U... | 0.01 | 0.30 | 0.41 | 71 | Derivative Income | COST.TO vs HDIF.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COST.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COST.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of 0.30, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | 0.30 | 0.24 | — | 66 | Consumer Defensive |
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