Looking to balance out your exposure to GOOS.TO? The ETFs below have the lowest correlation with GOOS.TO — they tend to move on their own, which can help reduce risk when GOOS.TO drops. The stock ideas table highlights individual companies that behave independently from GOOS.TO.
No Diversifiers Found for GOOS.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 GOOS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOS.TO and solid risk/return profiles. The least correlated is Finning International Inc. (FTT.TO) (Industrials) with a 1Y correlation of 0.28, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Finning International Inc. | 0.28 | 0.30 | 0.35 | 94 | Industrials |
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