Looking to diversify beyond EIT-UN.TO? The mutual funds below have the lowest correlation with EIT-UN.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EIT-UN.TO.
No Diversifiers Found for EIT-UN.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 EIT-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EIT-UN.TO and solid risk/return profiles. The least correlated is Canadian Imperial Bank of Commerce (CM.TO) (Financial Services) with a 1Y correlation of -0.08, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Imperial Bank of Commerce | -0.08 | 0.28 | 0.39 | 96 | Financial Services | |
| Sun Life Financial Inc. | -0.04 | 0.25 | 0.34 | 64 | Financial Services | |
| Bank of Montreal | -0.04 | 0.30 | 0.41 | 95 | Financial Services | |
| Exchange Income Corporation | -0.01 | 0.21 | 0.34 | 98 | Industrials | |
| Royal Bank of Canada | 0.01 | 0.33 | 0.42 | 97 | Financial Services |
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