Looking to balance out your exposure to LNF.TO? The ETFs below have the lowest correlation with LNF.TO — they tend to move on their own, which can help reduce risk when LNF.TO drops. The stock ideas table highlights individual companies that behave independently from LNF.TO.
No Diversifiers Found for LNF.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 LNF.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNF.TO and solid risk/return profiles. The least correlated is Imperial Oil Limited (IMO.TO) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Imperial Oil Limited | -0.02 | 0.02 | 0.04 | 91 | Energy | |
| Linamar Corporation | 0.16 | 0.20 | 0.22 | 89 | Consumer Cyclical | |
| Richelieu Hardware Ltd. | 0.23 | 0.16 | 0.17 | 59 | Consumer Cyclical |
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