Looking to balance out your exposure to EDR.TO? The ETFs below have the lowest correlation with EDR.TO — they tend to move on their own, which can help reduce risk when EDR.TO drops. The stock ideas table highlights individual companies that behave independently from EDR.TO.
No Diversifiers Found for EDR.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 EDR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDR.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Allied Gold Corporation | 0.37 | — | — | 81 | Basic Materials | |
| Montage Gold Corp | 0.49 | 0.40 | 0.36 | 96 | Basic Materials | |
| i-80 Gold Corp | 0.53 | 0.51 | 0.53 | 90 | Basic Materials | |
| Orezone Gold Corporation | 0.56 | 0.41 | 0.43 | 75 | Basic Materials | |
| Aris Gold Corporation | 0.61 | 0.59 | 0.59 | 89 | Basic Materials |
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