Looking to balance out your exposure to EMA-PC.TO? The ETFs below have historically moved differently from EMA-PC.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EMA-PC.TO
1 ETFs have low correlation with EMA-PC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is PICTON Long Short Equity (130/30) Alternative Fund (PFAE.TO) (Long-Short) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PICTON Long Short Equity (130/30) Alternative Fund | 0.02 | 0.10 | 0.14 | 76 | Long-Short, Canada Equities, Global Equities, Actively Managed | EMA-PC.TO vs PFAE.TO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMA-PC.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Canadian Tire Corporation Ltd (CTC-A.TO) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Tire Corporation Ltd | -0.08 | 0.04 | 0.08 | 64 | Consumer Cyclical | |
| Canadian Natural Resources Limited | -0.04 | 0.06 | 0.11 | 88 | Energy | |
| The Bank of Nova Scotia | 0.02 | 0.11 | 0.13 | 98 | Financial Services | |
| Enbridge Inc. | 0.05 | 0.10 | 0.12 | 87 | Energy | |
| Pembina Pipeline Corporation | 0.22 | 0.21 | 0.27 | 88 | Energy |
Build a portfolio that complements EMA-PC.TO
Add EMA-PC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EMA-PC.TO