PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Kraken Robotics Inc (PNG.V) Diversifiers

Equity · Currency in CAD · Last updated Jul 22, 2026

Kraken Robotics Inc. designs, manufactures, and sells sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications. The company offers products such as miniature interferometric synthetic aperture sonar, deep sea batteries, towed underwater vehicles for seabed mapping, autonomous launch and recovery systems, and sub-bottom imaging technology, along with robotics as a service.

Looking to balance out your exposure to PNG.V? The ETFs below have the lowest correlation with PNG.V — they tend to move on their own, which can help reduce risk when PNG.V drops. The stock ideas table highlights individual companies that behave independently from PNG.V.

Best Diversifiers for PNG.V

2 ETFs have low correlation with PNG.V (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.10, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF0.100.050.05
100
Money MarketPNG.V vs CASH.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...0.290.19—
98
Derivative IncomePNG.V vs BANK.TO
RBNK.TO
RBC Canadian Bank Yield Index ETF0.300.210.18
97
Financials EquitiesPNG.V vs RBNK.TO
FINN.NEO
Fidelity Global Innovators ETF0.340.24—
86
Global EquitiesPNG.V vs FINN.NEO
VCE.TO
Vanguard FTSE Canada Index ETF0.410.270.24
88
Canada EquitiesPNG.V vs VCE.TO
See all 7 diversifiers for PNG.V

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PNG.V, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PNG.V and solid risk/return profiles. The least correlated is Whitecap Resources Inc. (WCP.TO) (Energy) with a 1Y correlation of -0.08, down from 0.09 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
WCP.TO
Whitecap Resources Inc.-0.080.030.09
94
Energy
ATD.TO
Alimentation Couche-Tard Inc.0.020.070.09
70
Consumer Cyclical
EXE.TO
Extendicare Inc.0.080.100.12
99
Healthcare
BDT.TO
Bird Construction Inc.0.190.140.16
97
Industrials
MAL.TO
Magellan Aerospace Corporation0.230.160.13
91
Industrials
See all 20 low-correlation stocks for PNG.V

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements PNG.V

Add PNG.V to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with PNG.V