Looking to balance out your exposure to INE.TO? The ETFs below have the lowest correlation with INE.TO — they tend to move on their own, which can help reduce risk when INE.TO drops. The stock ideas table highlights individual companies that behave independently from INE.TO.
No Diversifiers Found for INE.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 INE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INE.TO and solid risk/return profiles. The least correlated is Canadian Utilities Limited (CU.TO) (Utilities) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.09 | 0.25 | 0.22 | 94 | Utilities | |
| Boralex Inc. | -0.07 | 0.50 | 0.57 | 58 | Utilities | |
| Brookfield Renewable Corporation | -0.05 | 0.39 | 0.42 | 72 | Utilities | |
| Hydro One Limited | -0.05 | 0.21 | 0.23 | 74 | Utilities | |
| Northland Power Inc. | 0.01 | 0.47 | 0.52 | 55 | Utilities |
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