Looking to balance out your exposure to EXE.TO? The ETFs below have the lowest correlation with EXE.TO — they tend to move on their own, which can help reduce risk when EXE.TO drops. The stock ideas table highlights individual companies that behave independently from EXE.TO.
Best Diversifiers for EXE.TO
14 ETFs have low correlation with EXE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.07, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.07 | 0.08 | — | 100 | Money Market | EXE.TO vs CASH.TO | |
| RBC Canadian Bank Yield Index ETF | 0.07 | 0.20 | 0.27 | 98 | Financials Equities | EXE.TO vs RBNK.TO | |
| BMO Equal Weight Banks Index ETF | 0.07 | 0.21 | 0.28 | 98 | Financials Equities, Equal Weight | EXE.TO vs ZEB.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.08 | 0.23 | 0.30 | 99 | Dividend | EXE.TO vs VDY.TO | |
| Invesco NASDAQ 100 Index ETF CAD Hedged | 0.10 | 0.12 | 0.19 | 60 | Nasdaq-100 | EXE.TO vs QQC.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXE.TO and solid risk/return profiles. The least correlated is Whitecap Resources Inc. (WCP.TO) (Energy) with a 1Y correlation of -0.04, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Whitecap Resources Inc. | -0.04 | 0.03 | 0.11 | 93 | Energy | |
| Canadian Natural Resources Limited | -0.03 | 0.04 | 0.12 | 84 | Energy | |
| Cameco Corporation | -0.02 | 0.04 | 0.13 | 57 | Energy | |
| Baytex Energy Corp. | -0.02 | 0.03 | 0.11 | 95 | Energy | |
| Quebecor Inc | 0.00 | 0.08 | 0.08 | 91 | Communication Services |
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