Looking to balance out your exposure to GAU.TO? The ETFs below have the lowest correlation with GAU.TO — they tend to move on their own, which can help reduce risk when GAU.TO drops. The stock ideas table highlights individual companies that behave independently from GAU.TO.
No Diversifiers Found for GAU.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 GAU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GAU.TO and solid risk/return profiles. The least correlated is Allied Gold Corporation (AAUC.TO) (Basic Materials) with a 1Y correlation of 0.44, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Allied Gold Corporation | 0.44 | 0.45 | 0.45 | 81 | Basic Materials | |
| Montage Gold Corp | 0.52 | 0.39 | 0.30 | 96 | Basic Materials | |
| i-80 Gold Corp | 0.55 | 0.37 | 0.32 | 90 | Basic Materials | |
| Orezone Gold Corporation | 0.55 | 0.38 | 0.31 | 75 | Basic Materials | |
| Endeavour Silver Corp. | 0.61 | 0.48 | 0.45 | 81 | Basic Materials |
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