Looking to balance out your exposure to PPL-PC.TO? The ETFs below have the lowest correlation with PPL-PC.TO — they tend to move on their own, which can help reduce risk when PPL-PC.TO drops. The stock ideas table highlights individual companies that behave independently from PPL-PC.TO.
No Diversifiers Found for PPL-PC.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 PPL-PC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPL-PC.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.00 | 0.06 | 0.11 | 77 | Energy | |
| SmartCentres Real Estate Investment Trust | 0.00 | 0.05 | 0.10 | 92 | Real Estate |
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