Looking to balance out your exposure to PBH.TO? The ETFs below have the lowest correlation with PBH.TO — they tend to move on their own, which can help reduce risk when PBH.TO drops. The stock ideas table highlights individual companies that behave independently from PBH.TO.
No Diversifiers Found for PBH.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 PBH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBH.TO and solid risk/return profiles. The least correlated is Sun Life Financial Inc. (SLF.TO) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | 0.26 | 0.24 | 0.28 | 64 | Financial Services | |
| Loblaw Companies Limited | 0.26 | 0.23 | 0.22 | 54 | Consumer Defensive | |
| Maple Leaf Foods Inc. | 0.38 | 0.35 | 0.40 | 73 | Consumer Defensive |
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