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
52 ETFs have low correlation with KILO.TO (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of -0.04, 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 | -0.04 | -0.10 | -0.05 | 100 | Money Market | KILO.TO vs CMR.TO | |
| Purpose High Interest Savings Fund | -0.00 | 0.00 | 0.02 | 99 | Money Market | KILO.TO vs PSA.TO | |
| Purpose Cash Management Fund | -0.00 | 0.00 | 0.01 | 100 | Money Market | KILO.TO vs MNY.TO | |
| iShares Floating Rate Index ETF | 0.00 | 0.02 | 0.01 | 98 | Canadian Government Bonds | KILO.TO vs XFR.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.01 | 0.13 | 0.12 | 78 | Energy Equities, Canada Equities | KILO.TO vs XEG.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 Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.05 | 0.09 | 0.10 | 83 | Energy | |
| Enbridge Inc. | -0.01 | 0.05 | 0.08 | 91 | Energy | |
| Dividend 15 Split Corp. | 0.16 | 0.14 | 0.12 | 98 | Financial Services | |
| The Toronto-Dominion Bank | 0.18 | 0.14 | 0.08 | 99 | Financial Services | |
| OceanaGold Corporation | 0.70 | 0.63 | 0.60 | 78 | Basic Materials |
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