Looking to balance out your exposure to MTY.TO? The ETFs below have the lowest correlation with MTY.TO — they tend to move on their own, which can help reduce risk when MTY.TO drops. The stock ideas table highlights individual companies that behave independently from MTY.TO.
Best Diversifiers for MTY.TO
0 ETFs have low correlation with MTY.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Canadian Financial Monthly Income ETF (FIE.TO) (Canada Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Canadian Financial Monthly Income ETF | 0.36 | 0.40 | 0.43 | 94 | Canada Equities | MTY.TO vs FIE.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTY.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTY.TO and solid risk/return profiles. The least correlated is SmartCentres Real Estate Investment Trust (SRU-UN.TO) (Real Estate) with a 1Y correlation of 0.21, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SmartCentres Real Estate Investment Trust | 0.21 | 0.28 | 0.31 | 84 | Real Estate |
Build a portfolio that complements MTY.TO
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