Looking to balance out your exposure to IMG.TO? The ETFs below have the lowest correlation with IMG.TO — they tend to move on their own, which can help reduce risk when IMG.TO drops. The stock ideas table highlights individual companies that behave independently from IMG.TO.
Best Diversifiers for IMG.TO
1 ETFs have low correlation with IMG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) (Large Cap Blend Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Quant U.S. Dividend Leaders ETF (CAD) | 0.19 | 0.11 | 0.09 | 72 | Large Cap Blend Equities, Dividend | IMG.TO vs RUD.TO | |
| iShares S&P/TSX 60 Index ETF | 0.59 | 0.43 | 0.38 | 91 | Canada Equities | IMG.TO vs XIU.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMG.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.14 | -0.01 | 0.01 | 70 | Consumer Defensive | |
| Pembina Pipeline Corporation | -0.07 | 0.07 | 0.17 | 92 | Energy | |
| Keyera Corp. | -0.04 | 0.06 | 0.14 | 87 | Energy | |
| Superior Plus Corp. | -0.03 | 0.08 | 0.12 | 58 | Utilities | |
| Freehold Royalties Ltd. | 0.00 | 0.09 | 0.15 | 87 | Energy |
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