Looking to balance out your exposure to DOO.TO? The ETFs below have the lowest correlation with DOO.TO — they tend to move on their own, which can help reduce risk when DOO.TO drops. The stock ideas table highlights individual companies that behave independently from DOO.TO.
No Diversifiers Found for DOO.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 DOO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOO.TO and solid risk/return profiles. The least correlated is National Bank of Canada (NA.TO) (Financial Services) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Bank of Canada | 0.27 | 0.26 | 0.33 | 97 | Financial Services |
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