Looking to balance out your exposure to LCS.TO? The ETFs below have historically moved differently from LCS.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LCS.TO
1 ETFs have low correlation with LCS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO MSCI Emerging Markets Index ETF (ZEM.TO) (Emerging Markets Equities) with a 1Y correlation of 0.21, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO MSCI Emerging Markets Index ETF | 0.21 | 0.27 | 0.33 | 63 | Emerging Markets Equities | LCS.TO vs ZEM.TO | |
| Vanguard FTSE Developed All Cap ex North America I... | 0.36 | 0.40 | 0.48 | 77 | Foreign Large Cap Equities, Foreign Small & Mid Cap Equities | LCS.TO vs VIU.TO | |
| Brompton Enhanced Multi-Asset Income ETF | 0.37 | 0.49 | — | 66 | Diversified Portfolio, Derivative Income, Actively Managed | LCS.TO vs BMAX.TO | |
| BMO Monthly Income ETF | 0.38 | 0.45 | 0.49 | 81 | Diversified Portfolio | LCS.TO vs ZMI.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.40 | 0.52 | 0.58 | 90 | Canada Equities | LCS.TO vs XIC.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LCS.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dividend 15 Split Corp. (DFN.TO) (Financial Services) with a 1Y correlation of 0.40, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | 0.40 | 0.47 | 0.49 | 98 | Financial Services |
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