Looking to balance out your exposure to OR.TO? The ETFs below have the lowest correlation with OR.TO — they tend to move on their own, which can help reduce risk when OR.TO drops. The stock ideas table highlights individual companies that behave independently from OR.TO.
No Diversifiers Found for OR.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 OR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OR.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.04 | 0.04 | 0.04 | 59 | Consumer Defensive | |
| MDA Space Ltd. | 0.11 | 0.15 | 0.12 | 76 | Industrials | |
| Power Corporation of Canada | 0.12 | 0.14 | 0.14 | 94 | Financial Services | |
| Bombardier Inc | 0.12 | 0.10 | 0.11 | 98 | Industrials | |
| The Toronto-Dominion Bank | 0.17 | 0.17 | 0.12 | 98 | Financial Services |
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