Looking to balance out your exposure to IIP-UN.TO? The ETFs below have the lowest correlation with IIP-UN.TO — they tend to move on their own, which can help reduce risk when IIP-UN.TO drops. The stock ideas table highlights individual companies that behave independently from IIP-UN.TO.
No Diversifiers Found for IIP-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 IIP-UN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IIP-UN.TO and solid risk/return profiles. The least correlated is Granite Real Estate Investment Trust (GRT-UN.TO) (Real Estate) with a 1Y correlation of 0.05, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Granite Real Estate Investment Trust | 0.05 | 0.42 | 0.50 | 88 | Real Estate | |
| Dream Industrial Real Estate Investment Trust | 0.16 | 0.52 | 0.58 | 83 | Real Estate | |
| CT Real Estate Investment Trust | 0.25 | 0.49 | 0.57 | 78 | Real Estate |
Build a portfolio that complements IIP-UN.TO
Add IIP-UN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with IIP-UN.TO