Looking to balance out your exposure to PPL-PO.TO? The ETFs below have the lowest correlation with PPL-PO.TO — they tend to move on their own, which can help reduce risk when PPL-PO.TO drops. The stock ideas table highlights individual companies that behave independently from PPL-PO.TO.
No Diversifiers Found for PPL-PO.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-PO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPL-PO.TO and solid risk/return profiles. The least correlated is 5N Plus Inc. (VNP.TO) (Basic Materials) with a 1Y correlation of 0.00, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | 0.00 | -0.01 | 0.06 | 99 | Basic Materials | |
| Enbridge Inc. | 0.03 | 0.10 | 0.14 | 81 | Energy | |
| TC Energy Corporation | 0.05 | 0.06 | 0.09 | 89 | Energy | |
| Fortis Inc. | 0.06 | 0.05 | 0.01 | 79 | Utilities | |
| Emera Incorporated | 0.10 | 0.06 | 0.04 | 79 | Utilities |
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