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 -0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | -0.01 | -0.01 | 0.05 | 97 | Basic Materials | |
| ARC Resources Ltd. | 0.03 | 0.11 | 0.12 | 69 | Energy | |
| TC Energy Corporation | 0.05 | 0.06 | 0.10 | 97 | Energy | |
| Enbridge Inc. | 0.05 | 0.10 | 0.13 | 92 | Energy | |
| Fortis Inc. | 0.08 | 0.05 | 0.01 | 92 | Utilities |
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