Looking to balance out your exposure to DSG.TO? The ETFs below have the lowest correlation with DSG.TO — they tend to move on their own, which can help reduce risk when DSG.TO drops. The stock ideas table highlights individual companies that behave independently from DSG.TO.
No Diversifiers Found for DSG.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 DSG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DSG.TO and solid risk/return profiles. The least correlated is Magna International Inc. (MG.TO) (Consumer Cyclical) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Magna International Inc. | 0.02 | 0.15 | 0.23 | 93 | Consumer Cyclical | |
| Canadian Pacific Railway Limited | 0.05 | 0.17 | 0.18 | 56 | Industrials | |
| Celestica Inc. | 0.06 | 0.28 | 0.29 | 94 | Technology |
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