Looking to diversify beyond JAPN.TO? The ETFs below have the lowest correlation with JAPN.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 JAPN.TO.
Best Diversifiers for JAPN.TO
3 ETFs have low correlation with JAPN.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.04 | 0.04 | — | 100 | Money Market | JAPN.TO vs CASH.TO | |
| CI High Interest Savings ETF | 0.02 | -0.00 | 0.03 | 100 | Money Market | JAPN.TO vs CSAV.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.27 | 0.30 | 0.26 | 98 | Canada Equities | JAPN.TO vs XEI.TO | |
| CI Global Artificial Intelligence ETF | 0.31 | — | — | 69 | Technology Equities | JAPN.TO vs CIAI.TO | |
| CI Tech Giants Covered Call Common | 0.32 | 0.36 | 0.27 | 85 | Technology Equities, Derivative Income | JAPN.TO vs TXF.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JAPN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JAPN.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.10, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.10 | 0.10 | 0.11 | 86 | Energy | |
| Fortis Inc. | -0.01 | 0.04 | 0.03 | 79 | Utilities | |
| Loblaw Companies Limited | 0.02 | 0.11 | 0.08 | 54 | Consumer Defensive | |
| Pembina Pipeline Corporation | 0.04 | 0.15 | 0.14 | 83 | Energy | |
| Extendicare Inc. | 0.14 | 0.12 | 0.13 | 97 | Healthcare |
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