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Canadian Tire Corporation Ltd (CTC-A.TO) Diversifiers

Equity · Currency in CAD · Last updated Jun 5, 2026

Canadian Tire Corporation, Limited is a Canadian retail company that offers a wide range of products and services through its three main segments: Retail, CT REIT, and Financial Services. The Retail segment covers a vast array of items across automotive, home, sports, and leisure categories, offered under various brand names including Canadian Tire and SportChek, and supports online shopping and loyalty programs.

Looking to balance out your exposure to CTC-A.TO? The ETFs below have the lowest correlation with CTC-A.TO — they tend to move on their own, which can help reduce risk when CTC-A.TO drops. The stock ideas table highlights individual companies that behave independently from CTC-A.TO.

Best Diversifiers for CTC-A.TO

4 ETFs have low correlation with CTC-A.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO S&P 500 Index ETF (ZSP.TO) (S&P 500) with a 1Y correlation of 0.24, down from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZSP.TO
BMO S&P 500 Index ETF0.240.230.34
77
S&P 500CTC-A.TO vs ZSP.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF0.250.380.45
85
Canada EquitiesCTC-A.TO vs XIC.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.260.360.41
98
DividendCTC-A.TO vs VDY.TO
XIU.TO
iShares S&P/TSX 60 Index ETF0.260.380.45
87
Canada EquitiesCTC-A.TO vs XIU.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CTC-A.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTC-A.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.17, down from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CNQ.TO
Canadian Natural Resources Limited-0.170.050.12
88
Energy
TVE.TO
Tamarack Valley Energy Ltd.-0.110.070.13
99
Energy
ENB.TO
Enbridge Inc.0.010.140.20
85
Energy
L.TO
Loblaw Companies Limited0.040.140.16
59
Consumer Defensive
FTS.TO
Fortis Inc.0.050.180.16
82
Utilities
See all 17 low-correlation stocks for CTC-A.TO

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Diversification Analysis

Build a portfolio that complements CTC-A.TO

Add CTC-A.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CTC-A.TO