Looking to balance out your exposure to CVVY.TO? The ETFs below have the lowest correlation with CVVY.TO — they tend to move on their own, which can help reduce risk when CVVY.TO drops. The stock ideas table highlights individual companies that behave independently from CVVY.TO.
No Diversifiers Found for CVVY.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 CVVY.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVVY.TO and solid risk/return profiles. The least correlated is Tenaz Energy Corp. (TNZ.TO) (Energy) with a 1Y correlation of 0.14, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenaz Energy Corp. | 0.14 | 0.13 | 0.15 | 95 | Energy | |
| Saturn Oil & Gas Inc | 0.19 | 0.17 | 0.19 | 98 | Energy | |
| Athabasca Oil Corporation | 0.20 | 0.16 | 0.28 | 94 | Energy | |
| Spartan Delta Corp. | 0.20 | 0.19 | 0.33 | 99 | Energy | |
| Tamarack Valley Energy Ltd. | 0.25 | 0.18 | 0.33 | 99 | Energy |
Build a portfolio that complements CVVY.TO
Add CVVY.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CVVY.TO