Looking to balance out your exposure to LAR.TO? The ETFs below have the lowest correlation with LAR.TO — they tend to move on their own, which can help reduce risk when LAR.TO drops. The stock ideas table highlights individual companies that behave independently from LAR.TO.
No Diversifiers Found for LAR.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 LAR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAR.TO and solid risk/return profiles. The least correlated is Almonty Industries Inc. (AII.TO) (Basic Materials) with a 1Y correlation of 0.22, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Almonty Industries Inc. | 0.22 | 0.15 | 0.12 | 96 | Basic Materials | |
| Imperial Metals Corporation | 0.30 | 0.16 | 0.17 | 61 | Basic Materials | |
| Taseko Mines Limited | 0.39 | 0.43 | 0.45 | 94 | Basic Materials |
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