Looking to balance out your exposure to MSA.TO? The ETFs below have the lowest correlation with MSA.TO — they tend to move on their own, which can help reduce risk when MSA.TO drops. The stock ideas table highlights individual companies that behave independently from MSA.TO.
No Diversifiers Found for MSA.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 MSA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MSA.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.09 | 0.06 | 0.07 | 94 | Financial Services | |
| Extendicare Inc. | 0.13 | 0.08 | 0.06 | 97 | Healthcare | |
| The Toronto-Dominion Bank | 0.23 | 0.10 | — | 98 | Financial Services | |
| Dundee Precious Metals Inc. | 0.46 | 0.29 | — | 89 | Basic Materials | |
| Lundin Gold Inc. | 0.49 | 0.31 | 0.27 | 59 | Basic Materials |
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