Looking to diversify beyond PSA.TO? The ETFs below have the lowest correlation with PSA.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PSA.TO.
Best Diversifiers for PSA.TO
48 ETFs have low correlation with PSA.TO (below 0.3), 11 of which are negatively correlated. The least correlated is Purpose US Cash Fund (PSU-U.TO) (Money Market) with a 1Y correlation of -0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose US Cash Fund | -0.09 | -0.00 | -0.00 | 99 | Money Market | PSA.TO vs PSU-U.TO | |
| Evolve US High Interest Savings Account Fund | -0.09 | -0.01 | — | 99 | Money Market | PSA.TO vs HISU-U.TO | |
| Global X USD Cash Maximizer Corporate Class ETF | -0.09 | -0.05 | -0.03 | 95 | Money Market | PSA.TO vs HSUV-U.TO | |
| Purpose Multi-Strategy Market Neutral Fund | -0.06 | 0.01 | 0.06 | 64 | Long-Short | PSA.TO vs PMM.TO | |
| NVIDIA (NVDA) Yield Shares Purpose ETF | -0.06 | — | — | 62 | Derivative Income | PSA.TO vs YNVD.NEO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSA.TO and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP.TO) (Energy) with a 1Y correlation of -0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | -0.03 | 0.04 | 0.05 | 89 | Energy | |
| Fortis Inc. | -0.01 | 0.01 | -0.00 | 79 | Utilities | |
| Canadian Natural Resources Limited | -0.00 | -0.01 | 0.01 | 86 | Energy |
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