Looking to balance out your exposure to DIV.TO? The ETFs below have the lowest correlation with DIV.TO — they tend to move on their own, which can help reduce risk when DIV.TO drops. The stock ideas table highlights individual companies that behave independently from DIV.TO.
Best Diversifiers for DIV.TO
3 ETFs have low correlation with DIV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.00, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.00 | -0.01 | — | 100 | Money Market | DIV.TO vs ZMMK.TO | |
| Harvest Tech Achievers Growth & Income ETF | 0.24 | 0.28 | 0.33 | 65 | Technology Equities | DIV.TO vs HTA.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.29 | 0.39 | 0.41 | 98 | Canada Equities | DIV.TO vs XEI.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.39 | 0.40 | 0.41 | 98 | Dividend | DIV.TO vs VDY.TO | |
| Vanguard Global Value Factor ETF CAD | 0.41 | 0.37 | 0.41 | 83 | Global Equities | DIV.TO vs VVL.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIV.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIV.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.08 | 0.16 | 0.20 | 88 | Energy | |
| Capstone Copper Corp. | 0.27 | 0.29 | 0.28 | 79 | Basic Materials | |
| Exchange Income Corporation | 0.36 | 0.31 | 0.36 | 98 | Industrials |
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