Looking to balance out your exposure to HLF.TO? The ETFs below have the lowest correlation with HLF.TO — they tend to move on their own, which can help reduce risk when HLF.TO drops. The stock ideas table highlights individual companies that behave independently from HLF.TO.
No Diversifiers Found for HLF.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 HLF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLF.TO and solid risk/return profiles. The least correlated is Manulife Financial Corporation (MFC.TO) (Financial Services) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Manulife Financial Corporation | -0.01 | 0.13 | 0.16 | 74 | Financial Services | |
| Chemtrade Logistics Income Fund | 0.09 | 0.20 | 0.20 | 84 | Basic Materials | |
| The Bank of Nova Scotia | 0.13 | 0.19 | 0.21 | 96 | Financial Services | |
| Maple Leaf Foods Inc. | 0.24 | 0.19 | 0.17 | 73 | Consumer Defensive |
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