Looking to balance out your exposure to PRL.TO? The ETFs below have the lowest correlation with PRL.TO — they tend to move on their own, which can help reduce risk when PRL.TO drops. The stock ideas table highlights individual companies that behave independently from PRL.TO.
No Diversifiers Found for PRL.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 PRL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRL.TO and solid risk/return profiles. The least correlated is MDA Space Ltd. (MDA.TO) (Industrials) with a 1Y correlation of 0.17, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MDA Space Ltd. | 0.17 | 0.23 | — | 76 | Industrials | |
| Royal Bank of Canada | 0.30 | 0.27 | — | 97 | Financial Services | |
| Brookfield Corporation | 0.48 | 0.40 | — | 60 | Financial Services |
Build a portfolio that complements PRL.TO
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