Looking to balance out your exposure to LGD.TO? The ETFs below have the lowest correlation with LGD.TO — they tend to move on their own, which can help reduce risk when LGD.TO drops. The stock ideas table highlights individual companies that behave independently from LGD.TO.
No Diversifiers Found for LGD.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 LGD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGD.TO and solid risk/return profiles. The least correlated is Air Canada (AC.TO) (Industrials) with a 1Y correlation of 0.25, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Air Canada | 0.25 | 0.12 | 0.09 | 61 | Industrials | |
| Arizona Sonoran Copper Company Inc. | 0.42 | 0.28 | 0.23 | 96 | Basic Materials | |
| Montage Gold Corp | 0.47 | 0.32 | 0.24 | 96 | Basic Materials | |
| NGEx Minerals Ltd | 0.49 | 0.34 | 0.24 | 72 | Basic Materials | |
| Perpetua Resources Corp. | 0.49 | 0.35 | 0.29 | 71 | Basic Materials |
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