Looking to balance out your exposure to EQX.TO? The ETFs below have the lowest correlation with EQX.TO — they tend to move on their own, which can help reduce risk when EQX.TO drops. The stock ideas table highlights individual companies that behave independently from EQX.TO.
No Diversifiers Found for EQX.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 EQX.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQX.TO and solid risk/return profiles. The least correlated is The Bank of Nova Scotia (BNS.TO) (Financial Services) with a 1Y correlation of 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Bank of Nova Scotia | 0.16 | 0.18 | 0.16 | 98 | Financial Services | |
| Aecon Group Inc. | 0.17 | 0.07 | 0.13 | 98 | Industrials | |
| Magellan Aerospace Corporation | 0.21 | 0.15 | 0.12 | 91 | Industrials | |
| Kraken Robotics Inc | 0.24 | 0.16 | 0.14 | 71 | Technology | |
| Neo Performance Materials Inc. | 0.27 | 0.23 | 0.23 | 89 | Basic Materials |
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