Looking to balance out your exposure to META.TO? The ETFs below have the lowest correlation with META.TO — they tend to move on their own, which can help reduce risk when META.TO drops. The stock ideas table highlights individual companies that behave independently from META.TO.
Best Diversifiers for META.TO
0 ETFs have low correlation with META.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) (Semiconductors) with a 1Y correlation of 0.36, down from 0.47 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence Semiconductor Ind... | 0.36 | 0.47 | — | 92 | Semiconductors, Technology Equities | META.TO vs CHPS.TO | |
| BMO Equal Weight Banks Index ETF | 0.36 | 0.27 | — | 97 | Financials Equities | META.TO vs ZEB.TO | |
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.57 | 0.64 | — | 50 | Nasdaq-100 | META.TO vs XQQ.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from META.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to META.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.06 | 0.06 | — | 66 | Consumer Defensive | |
| Bombardier Inc | 0.20 | 0.26 | — | 97 | Industrials |
Build a portfolio that complements META.TO
Add META.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with META.TO