Looking to balance out your exposure to CSU.TO? The ETFs below have the lowest correlation with CSU.TO — they tend to move on their own, which can help reduce risk when CSU.TO drops. The stock ideas table highlights individual companies that behave independently from CSU.TO.
Best Diversifiers for CSU.TO
48 ETFs have low correlation with CSU.TO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor Index ETF | -0.03 | — | — | 97 | Semiconductors, Technology Equities | CSU.TO vs XCHP.TO | |
| Global X 0-3 Month T-Bill ETF | 0.01 | 0.04 | — | 99 | Canadian Government Bonds | CSU.TO vs CBIL.TO | |
| Purpose Global Bond Fund | 0.04 | 0.09 | 0.12 | 55 | CSU.TO vs BND.TO | ||
| Global X High Interest Savings ETF | 0.04 | 0.07 | — | 100 | Money Market | CSU.TO vs CASH.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.05 | 0.27 | 0.29 | 98 | Canada Equities | CSU.TO vs XEI.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSU.TO and solid risk/return profiles. The least correlated is Fortis Inc. (FTS.TO) (Utilities) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc. | -0.07 | 0.06 | 0.10 | 79 | Utilities | |
| Whitecap Resources Inc. | -0.06 | 0.02 | 0.05 | 96 | Energy | |
| Enbridge Inc. | -0.04 | 0.11 | 0.15 | 81 | Energy | |
| Canadian Natural Resources Limited | -0.03 | 0.07 | 0.09 | 86 | Energy | |
| Brookfield Infrastructure Partners L.P | 0.00 | 0.24 | 0.24 | 76 | Utilities |
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