Looking to balance out your exposure to CPH.TO? The ETFs below have the lowest correlation with CPH.TO — they tend to move on their own, which can help reduce risk when CPH.TO drops. The stock ideas table highlights individual companies that behave independently from CPH.TO.
No Diversifiers Found for CPH.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 CPH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPH.TO and solid risk/return profiles. The least correlated is Alimentation Couche-Tard Inc. (ATD.TO) (Consumer Cyclical) with a 1Y correlation of 0.06, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alimentation Couche-Tard Inc. | 0.06 | 0.07 | 0.10 | 55 | Consumer Cyclical | |
| Bird Construction Inc. | 0.07 | 0.12 | 0.12 | 94 | Industrials |
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