Looking to diversify beyond INOC.TO? The ETFs below have the lowest correlation with INOC.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from INOC.TO.
Best Diversifiers for INOC.TO
28 ETFs have low correlation with INOC.TO (below 0.3), 3 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.09, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.09 | 0.17 | 0.25 | 62 | Energy Equities, Canada Equities | INOC.TO vs XEG.TO | |
| Global X 0-3 Month T-Bill ETF | -0.04 | -0.00 | — | 99 | Canadian Government Bonds | INOC.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | -0.00 | 0.00 | — | 99 | Money Market | INOC.TO vs CASH.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.01 | 0.02 | 0.03 | 66 | Bank Loan | INOC.TO vs HSAV.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.03 | 0.36 | 0.40 | 97 | Canada Equities | INOC.TO vs XEI.TO |
See all 28 diversifiers for INOC.TO
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