Looking to balance out your exposure to MAL.TO? The ETFs below have the lowest correlation with MAL.TO — they tend to move on their own, which can help reduce risk when MAL.TO drops. The stock ideas table highlights individual companies that behave independently from MAL.TO.
Best Diversifiers for MAL.TO
0 ETFs have low correlation with MAL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Equity ETF Portfolio (XEQT.TO) (Global Equities) with a 1Y correlation of 0.43, up from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio | 0.43 | 0.28 | 0.24 | 85 | Global Equities | MAL.TO vs XEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MAL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAL.TO and solid risk/return profiles. The least correlated is Nutrien Ltd. (NTR.TO) (Basic Materials) with a 1Y correlation of 0.09, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | 0.09 | 0.12 | 0.12 | 58 | Basic Materials | |
| Equinox Gold Corp. | 0.20 | 0.13 | 0.12 | 75 | Basic Materials | |
| Pan American Silver Corp. | 0.21 | 0.16 | 0.13 | 76 | Basic Materials | |
| Kraken Robotics Inc | 0.24 | 0.16 | 0.12 | 82 | Technology | |
| Aecon Group Inc. | 0.24 | 0.19 | 0.18 | 95 | Industrials |
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