Looking to balance out your exposure to LCS.TO? The ETFs below have the lowest correlation with LCS.TO — they tend to move on their own, which can help reduce risk when LCS.TO drops. The stock ideas table highlights individual companies that behave independently from LCS.TO.
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 0.28, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO MSCI Emerging Markets Index ETF | 0.28 | 0.31 | 0.33 | 85 | Emerging Markets Equities | LCS.TO vs ZEM.TO | |
| Vanguard FTSE Developed All Cap ex North America I... | 0.38 | 0.42 | 0.49 | 62 | International Equity | LCS.TO vs VIU.TO | |
| BMO Monthly Income ETF | 0.41 | 0.47 | 0.51 | 67 | Diversified Portfolio | LCS.TO vs ZMI.TO | |
| iShares Core S&P/TSX Capped Composite Index ETF | 0.42 | 0.54 | 0.60 | 80 | Canada Equities | LCS.TO vs XIC.TO | |
| iShares S&P/TSX 60 Index ETF | 0.44 | 0.54 | 0.59 | 82 | Large Cap Growth Equities | LCS.TO vs XIU.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LCS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LCS.TO and solid risk/return profiles. The least correlated is Dividend 15 Split Corp. (DFN.TO) (Financial Services) with a 1Y correlation of 0.34, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | 0.34 | 0.48 | 0.50 | 96 | Financial Services |
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