Looking to balance out your exposure to DOL.TO? The ETFs below have the lowest correlation with DOL.TO — they tend to move on their own, which can help reduce risk when DOL.TO drops. The stock ideas table highlights individual companies that behave independently from DOL.TO.
Best Diversifiers for DOL.TO
48 ETFs have low correlation with DOL.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor Index ETF | 0.02 | — | — | 97 | Semiconductors, Technology Equities | DOL.TO vs XCHP.TO | |
| Global X 0-3 Month T-Bill ETF | 0.04 | 0.05 | — | 99 | Canadian Government Bonds | DOL.TO vs CBIL.TO | |
| Evolve US High Interest Savings Account Fund | 0.04 | -0.06 | — | 99 | Money Market | DOL.TO vs HISU-U.TO | |
| Global X High Interest Savings ETF | 0.05 | 0.03 | — | 100 | Money Market | DOL.TO vs CASH.TO | |
| Global X Artificial Intelligence Semiconductor Ind... | 0.06 | 0.09 | — | 94 | Semiconductors, Technology Equities | DOL.TO vs CHPS.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOL.TO and solid risk/return profiles. The least correlated is Baytex Energy Corp. (BTE.TO) (Energy) with a 1Y correlation of -0.07, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baytex Energy Corp. | -0.07 | -0.02 | -0.00 | 97 | Energy | |
| Hammond Power Solutions Inc | -0.07 | 0.05 | 0.07 | 94 | Industrials | |
| CES Energy Solutions Corp. | -0.06 | 0.01 | 0.02 | 98 | Energy | |
| Canadian Natural Resources Limited | -0.03 | 0.04 | 0.07 | 86 | Energy | |
| Capital Power Corporation | 0.01 | 0.09 | 0.14 | 68 | Utilities |
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