Looking to balance out your exposure to PNP.TO? The ETFs below have the lowest correlation with PNP.TO — they tend to move on their own, which can help reduce risk when PNP.TO drops. The stock ideas table highlights individual companies that behave independently from PNP.TO.
No Diversifiers Found for PNP.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 PNP.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PNP.TO and solid risk/return profiles. The least correlated is Northern Dynasty Minerals Ltd. (NDM.TO) (Basic Materials) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northern Dynasty Minerals Ltd. | -0.07 | 0.01 | -0.01 | 66 | Basic Materials | |
| Alamos Gold Inc. | 0.06 | 0.04 | 0.06 | 65 | Basic Materials |
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