Looking to balance out your exposure to ELEF.TO? The ETFs below have the lowest correlation with ELEF.TO — they tend to move on their own, which can help reduce risk when ELEF.TO drops. The stock ideas table highlights individual companies that behave independently from ELEF.TO.
No Diversifiers Found for ELEF.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 ELEF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELEF.TO and solid risk/return profiles. The least correlated is Equinox Gold Corp. (EQX.TO) (Basic Materials) with a 1Y correlation of 0.31, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinox Gold Corp. | 0.31 | 0.23 | 0.21 | 71 | Basic Materials |
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