Looking to balance out your exposure to DTOL.TO? The ETFs below have the lowest correlation with DTOL.TO — they tend to move on their own, which can help reduce risk when DTOL.TO drops. The stock ideas table highlights individual companies that behave independently from DTOL.TO.
No Diversifiers Found for DTOL.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 DTOL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DTOL.TO and solid risk/return profiles. The least correlated is Magellan Aerospace Corporation (MAL.TO) (Industrials) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Magellan Aerospace Corporation | 0.13 | 0.08 | — | 88 | Industrials | |
| Bombardier Inc | 0.19 | 0.10 | — | 94 | Industrials |
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