Looking to balance out your exposure to MX.TO? The ETFs below have the lowest correlation with MX.TO — they tend to move on their own, which can help reduce risk when MX.TO drops. The stock ideas table highlights individual companies that behave independently from MX.TO.
No Diversifiers Found for MX.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 MX.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MX.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 -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SmartCentres Real Estate Investment Trust | -0.02 | 0.12 | 0.20 | 84 | Real Estate | |
| Major Drilling Group International Inc. | 0.12 | 0.24 | 0.30 | 91 | Basic Materials |
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