Looking to balance out your exposure to HOM-U.TO? The ETFs below have the lowest correlation with HOM-U.TO — they tend to move on their own, which can help reduce risk when HOM-U.TO drops. The stock ideas table highlights individual companies that behave independently from HOM-U.TO.
No Diversifiers Found for HOM-U.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 HOM-U.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOM-U.TO and solid risk/return profiles. The least correlated is Chartwell Retirement Residences (CSH-UN.TO) (Real Estate) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chartwell Retirement Residences | 0.22 | 0.21 | 0.25 | 66 | Real Estate |
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