Looking to balance out your exposure to NEXT.TO? The ETFs below have the lowest correlation with NEXT.TO — they tend to move on their own, which can help reduce risk when NEXT.TO drops. The stock ideas table highlights individual companies that behave independently from NEXT.TO.
No Diversifiers Found for NEXT.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 NEXT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEXT.TO and solid risk/return profiles. The least correlated is Maple Leaf Foods Inc. (MFI.TO) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Maple Leaf Foods Inc. | -0.03 | 0.02 | 0.04 | 74 | Consumer Defensive | |
| Manulife Financial Corporation | 0.04 | 0.00 | 0.08 | 76 | Financial Services | |
| The Bank of Nova Scotia | 0.11 | 0.05 | 0.07 | 96 | Financial Services | |
| Chemtrade Logistics Income Fund | 0.17 | 0.08 | 0.12 | 85 | Basic Materials |
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