Looking to diversify beyond KILO.TO? The ETFs below have the lowest correlation with KILO.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 KILO.TO.
Best Diversifiers for KILO.TO
55 ETFs have low correlation with KILO.TO (below 0.3), 4 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of -0.06, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Premium Money Market ETF | -0.06 | -0.11 | -0.05 | 99 | Money Market | KILO.TO vs CMR.TO | |
| iShares Floating Rate Index ETF | -0.04 | -0.01 | -0.01 | 98 | Canadian Government Bonds | KILO.TO vs XFR.TO | |
| Global X High Interest Savings ETF | -0.03 | -0.03 | — | 100 | Money Market | KILO.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.01 | -0.00 | — | 99 | Canadian Government Bonds | KILO.TO vs CBIL.TO | |
| iShares Core S&P U.S. Total Market Index ETF | 0.01 | -0.06 | -0.08 | 72 | Large Cap Blend Equities | KILO.TO vs XUU-U.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KILO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KILO.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | 0.01 | 0.07 | 0.08 | 81 | Energy | |
| Canadian Natural Resources Limited | 0.01 | 0.12 | 0.11 | 86 | Energy | |
| Dividend 15 Split Corp. | 0.10 | 0.15 | 0.11 | 96 | Financial Services | |
| The Toronto-Dominion Bank | 0.14 | 0.14 | 0.07 | 98 | Financial Services | |
| OceanaGold Corporation | 0.68 | 0.63 | 0.59 | 83 | Basic Materials |
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