Looking to balance out your exposure to EDT.TO? The ETFs below have the lowest correlation with EDT.TO — they tend to move on their own, which can help reduce risk when EDT.TO drops. The stock ideas table highlights individual companies that behave independently from EDT.TO.
No Diversifiers Found for EDT.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 EDT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDT.TO and solid risk/return profiles. The least correlated is Chemtrade Logistics Income Fund (CHE-UN.TO) (Basic Materials) with a 1Y correlation of 0.00, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chemtrade Logistics Income Fund | 0.00 | -0.02 | 0.01 | 85 | Basic Materials | |
| Manulife Financial Corporation | 0.01 | -0.00 | 0.04 | 76 | Financial Services | |
| The Bank of Nova Scotia | 0.07 | 0.02 | 0.04 | 96 | Financial Services | |
| Maple Leaf Foods Inc. | 0.14 | 0.01 | 0.05 | 74 | Consumer Defensive |
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