Looking to balance out your exposure to KITS.TO? The ETFs below have the lowest correlation with KITS.TO — they tend to move on their own, which can help reduce risk when KITS.TO drops. The stock ideas table highlights individual companies that behave independently from KITS.TO.
No Diversifiers Found for KITS.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KITS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KITS.TO and solid risk/return profiles. The least correlated is Trilogy Metals Inc. (TMQ.TO) (Basic Materials) with a 1Y correlation of 0.13, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trilogy Metals Inc. | 0.13 | 0.05 | 0.05 | 85 | Basic Materials | |
| Aritzia Inc. | 0.16 | 0.12 | 0.09 | 94 | Consumer Cyclical | |
| WELL Health Technologies Corp. | 0.19 | 0.16 | 0.14 | 52 | Healthcare | |
| Bombardier Inc | 0.26 | 0.18 | 0.13 | 98 | Industrials | |
| Calian Group Ltd. | 0.27 | 0.16 | 0.08 | 95 | Industrials |
Build a portfolio that complements KITS.TO
Add KITS.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with KITS.TO