Looking to balance out your exposure to HR-UN.TO? The ETFs below have the lowest correlation with HR-UN.TO — they tend to move on their own, which can help reduce risk when HR-UN.TO drops. The stock ideas table highlights individual companies that behave independently from HR-UN.TO.
No Diversifiers Found for HR-UN.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 HR-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HR-UN.TO and solid risk/return profiles. The least correlated is Rogers Communications Inc (RCI-B.TO) (Communication Services) with a 1Y correlation of 0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rogers Communications Inc | 0.07 | 0.25 | 0.23 | 86 | Communication Services | |
| Aritzia Inc. | 0.28 | 0.21 | 0.25 | 94 | Consumer Cyclical | |
| Granite Real Estate Investment Trust | 0.39 | 0.52 | 0.54 | 89 | Real Estate | |
| SmartCentres Real Estate Investment Trust | 0.62 | 0.67 | 0.70 | 85 | Real Estate |
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