Looking to balance out your exposure to PSD.TO? The ETFs below have the lowest correlation with PSD.TO — they tend to move on their own, which can help reduce risk when PSD.TO drops. The stock ideas table highlights individual companies that behave independently from PSD.TO.
No Diversifiers Found for PSD.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 PSD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSD.TO and solid risk/return profiles. The least correlated is Lundin Gold Inc. (LUG.TO) (Basic Materials) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lundin Gold Inc. | 0.12 | 0.04 | 0.08 | 59 | Basic Materials |
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