Looking to balance out your exposure to OBE.TO? The ETFs below have the lowest correlation with OBE.TO — they tend to move on their own, which can help reduce risk when OBE.TO drops. The stock ideas table highlights individual companies that behave independently from OBE.TO.
No Diversifiers Found for OBE.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 OBE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OBE.TO and solid risk/return profiles. The least correlated is Athabasca Oil Corporation (ATH.TO) (Energy) with a 1Y correlation of 0.63, roughly unchanged from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Athabasca Oil Corporation | 0.63 | 0.63 | 0.64 | 94 | Energy | |
| Whitecap Resources Inc. | 0.68 | 0.72 | 0.73 | 96 | Energy |
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