Looking to balance out your exposure to IS.TO? The ETFs below have the lowest correlation with IS.TO — they tend to move on their own, which can help reduce risk when IS.TO drops. The stock ideas table highlights individual companies that behave independently from IS.TO.
Best Diversifiers for IS.TO
3 ETFs have low correlation with IS.TO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Multi-Strategy Market Neutral Fund | 0.05 | — | — | 74 | Long-Short | IS.TO vs PMM.TO | |
| TD Active Global Enhanced Dividend ETF | 0.12 | — | — | 61 | Global Equity Income | IS.TO vs TGED.TO | |
| TD Q Global Multifactor ETF | 0.18 | 0.19 | 0.19 | 91 | Multi-factor | IS.TO vs TQGM.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IS.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Extendicare Inc. | 0.12 | — | — | 99 | Healthcare |
Diversification Analysis
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