Looking to balance out your exposure to KEY.TO? The ETFs below have the lowest correlation with KEY.TO — they tend to move on their own, which can help reduce risk when KEY.TO drops. The stock ideas table highlights individual companies that behave independently from KEY.TO.
Best Diversifiers for KEY.TO
2 ETFs have low correlation with KEY.TO (below 0.3), 1 of which are negatively correlated. The least correlated is RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) (Large Cap Blend Equities) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Quant U.S. Dividend Leaders ETF (CAD) | -0.16 | 0.10 | 0.17 | 71 | Large Cap Blend Equities, Dividend | KEY.TO vs RUD.TO | |
| iShares S&P/TSX Capped Utilities Index ETF | 0.22 | 0.24 | 0.25 | 79 | Utilities Equities | KEY.TO vs XUT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KEY.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KEY.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.13 | 0.02 | 0.17 | 96 | Financial Services | |
| Cameco Corporation | -0.08 | 0.13 | 0.24 | 69 | Energy | |
| iA Financial Corporation Inc. | -0.05 | 0.16 | 0.25 | 78 | Financial Services | |
| Lundin Gold Inc. | -0.05 | 0.03 | 0.11 | 55 | Basic Materials | |
| Celestica Inc. | -0.03 | 0.10 | 0.17 | 87 | Technology |
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