Looking to balance out your exposure to CTC.TO? The ETFs below have the lowest correlation with CTC.TO — they tend to move on their own, which can help reduce risk when CTC.TO drops. The stock ideas table highlights individual companies that behave independently from CTC.TO.
No Diversifiers Found for CTC.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 CTC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTC.TO and solid risk/return profiles. The least correlated is Canadian Imperial Bank of Commerce (CM.TO) (Financial Services) with a 1Y correlation of -0.12, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Imperial Bank of Commerce | -0.12 | -0.03 | -0.02 | 98 | Financial Services | |
| The Bank of Nova Scotia | -0.11 | -0.03 | -0.02 | 98 | Financial Services | |
| Bank of Montreal | -0.10 | -0.04 | -0.01 | 98 | Financial Services | |
| Alimentation Couche-Tard Inc. | -0.08 | -0.03 | -0.02 | 83 | Consumer Cyclical | |
| George Weston Limited | -0.07 | 0.03 | 0.01 | 71 | Consumer Defensive |
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