Looking to diversify beyond MNT.TO? The ETFs below have the lowest correlation with MNT.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MNT.TO.
Best Diversifiers for MNT.TO
65 ETFs have low correlation with MNT.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Purpose Cash Management Fund (MNY.TO) (Money Market) with a 1Y correlation of -0.10, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose Cash Management Fund | -0.10 | 0.00 | — | 100 | Money Market | MNT.TO vs MNY.TO | |
| Global X High Interest Savings ETF | -0.03 | -0.03 | — | 100 | Money Market | MNT.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | -0.02 | 0.01 | — | 99 | Canadian Government Bonds | MNT.TO vs CBIL.TO | |
| iShares S&P/TSX Capped Energy Index ETF | -0.00 | 0.07 | 0.04 | 87 | Energy Equities | MNT.TO vs XEG.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.01 | 0.02 | -0.01 | 98 | Dividend, Large Cap Value Equities | MNT.TO vs XDIV.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNT.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.00 | 0.07 | 0.04 | 87 | Energy | |
| Enbridge Inc. | -0.00 | 0.02 | 0.01 | 82 | Energy | |
| The Toronto-Dominion Bank | 0.13 | 0.08 | -0.02 | 98 | Financial Services | |
| Dividend 15 Split Corp. | 0.14 | 0.10 | 0.02 | 96 | Financial Services | |
| Artemis Gold Inc | 0.52 | 0.42 | 0.32 | 62 | Basic Materials |
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Build a portfolio that complements MNT.TO
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