Looking to balance out your exposure to EFN.TO? The ETFs below have the lowest correlation with EFN.TO — they tend to move on their own, which can help reduce risk when EFN.TO drops. The stock ideas table highlights individual companies that behave independently from EFN.TO.
No Diversifiers Found for EFN.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 EFN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFN.TO and solid risk/return profiles. The least correlated is Keyera Corp. (KEY.TO) (Energy) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Keyera Corp. | -0.10 | 0.11 | 0.19 | 82 | Energy | |
| Cameco Corporation | 0.11 | 0.17 | 0.21 | 84 | Energy | |
| Hudbay Minerals Inc. | 0.14 | 0.23 | 0.28 | 95 | Basic Materials | |
| Lundin Gold Inc. | 0.15 | 0.15 | 0.17 | 58 | Basic Materials | |
| Granite Real Estate Investment Trust | 0.21 | 0.27 | 0.28 | 85 | Real Estate |
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