Looking to balance out your exposure to PHYS.TO? The ETFs below have the lowest correlation with PHYS.TO — they tend to move on their own, which can help reduce risk when PHYS.TO drops. The stock ideas table highlights individual companies that behave independently from PHYS.TO.
Best Diversifiers for PHYS.TO
15 ETFs have low correlation with PHYS.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) (Energy Equities) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P/TSX Capped Energy Index Corporate Cla... | -0.04 | 0.06 | 0.00 | 86 | Energy Equities | PHYS.TO vs HXE.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.04 | 0.09 | 0.00 | 86 | Energy Equities | PHYS.TO vs XEG.TO | |
| TD Global Technology Leaders Index ETF | 0.08 | 0.02 | -0.05 | 58 | Technology Equities | PHYS.TO vs TEC.TO | |
| Vanguard S&P 500 Index ETF | 0.09 | 0.03 | -0.06 | 74 | S&P 500 | PHYS.TO vs VFV.TO | |
| Vanguard U.S. Total Market Index ETF | 0.10 | 0.05 | -0.05 | 72 | Large Cap Blend Equities | PHYS.TO vs VUN.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHYS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHYS.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | 0.03 | 0.04 | 0.00 | 81 | Energy | |
| Brookfield Corporation | 0.07 | 0.07 | -0.01 | 55 | Financial Services | |
| Sprott Inc | 0.54 | 0.48 | 0.40 | 91 | Financial Services | |
| Sprott Physical Silver Trust | 0.69 | 0.66 | 0.67 | 80 | Financial Services | |
| Sprott Physical Gold and Silver Trust | 0.87 | 0.87 | 0.86 | 77 | Financial Services |
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