Looking to balance out your exposure to JWEL.TO? The ETFs below have the lowest correlation with JWEL.TO — they tend to move on their own, which can help reduce risk when JWEL.TO drops. The stock ideas table highlights individual companies that behave independently from JWEL.TO.
Best Diversifiers for JWEL.TO
0 ETFs have low correlation with JWEL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) (Canada Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P/TSX Capped Composite Index ETF | 0.30 | 0.27 | 0.26 | 85 | Canada Equities | JWEL.TO vs XIC.TO | |
| iShares S&P/TSX 60 Index ETF | 0.33 | 0.28 | 0.25 | 87 | Canada Equities | JWEL.TO vs XIU.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JWEL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JWEL.TO and solid risk/return profiles. The least correlated is MDA Space Ltd. (MDA.TO) (Industrials) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MDA Space Ltd. | 0.04 | 0.09 | 0.13 | 76 | Industrials | |
| Exchange Income Corporation | 0.23 | 0.23 | 0.19 | 98 | Industrials | |
| Alimentation Couche-Tard Inc. | 0.26 | 0.21 | 0.17 | 57 | Consumer Cyclical |
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