Looking to balance out your exposure to GOLD.TO? The ETFs below have the lowest correlation with GOLD.TO — they tend to move on their own, which can help reduce risk when GOLD.TO drops. The stock ideas table highlights individual companies that behave independently from GOLD.TO.
No Diversifiers Found for GOLD.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 GOLD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOLD.TO and solid risk/return profiles. The least correlated is The Bank of Nova Scotia (BNS.TO) (Financial Services) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Bank of Nova Scotia | 0.20 | 0.18 | 0.14 | 97 | Financial Services | |
| National Bank of Canada | 0.23 | 0.10 | 0.13 | 97 | Financial Services | |
| Sprott Physical Silver Trust | 0.58 | 0.48 | 0.48 | 77 | Financial Services |
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