Looking to balance out your exposure to ERO.TO? The ETFs below have the lowest correlation with ERO.TO — they tend to move on their own, which can help reduce risk when ERO.TO drops. The stock ideas table highlights individual companies that behave independently from ERO.TO.
No Diversifiers Found for ERO.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 ERO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERO.TO and solid risk/return profiles. The least correlated is Hudbay Minerals Inc. (HBM.TO) (Basic Materials) with a 1Y correlation of 0.72, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hudbay Minerals Inc. | 0.72 | 0.72 | 0.67 | 95 | Basic Materials |
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