Looking to balance out your exposure to IAU.TO? The ETFs below have the lowest correlation with IAU.TO — they tend to move on their own, which can help reduce risk when IAU.TO drops. The stock ideas table highlights individual companies that behave independently from IAU.TO.
Best Diversifiers for IAU.TO
1 ETFs have low correlation with IAU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Covered Call Canadian Banks ETF (ZWB.TO) (Financials Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Canadian Banks ETF | 0.18 | 0.18 | 0.17 | 95 | Financials Equities | IAU.TO vs ZWB.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAU.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Allied Gold Corporation | 0.46 | — | — | 81 | Basic Materials | |
| Montage Gold Corp | 0.49 | 0.36 | 0.29 | 96 | Basic Materials | |
| Orezone Gold Corporation | 0.52 | 0.36 | 0.37 | 75 | Basic Materials | |
| Endeavour Silver Corp. | 0.53 | 0.51 | 0.53 | 81 | Basic Materials | |
| K92 Mining Inc. | 0.54 | 0.51 | 0.51 | 70 | Basic Materials |
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