Looking to balance out your exposure to PWI.TO? The ETFs below have the lowest correlation with PWI.TO — they tend to move on their own, which can help reduce risk when PWI.TO drops. The stock ideas table highlights individual companies that behave independently from PWI.TO.
Best Diversifiers for PWI.TO
1 ETFs have low correlation with PWI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 Index ETF (XUS.TO) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 Index ETF | 0.23 | 0.32 | 0.31 | 78 | S&P 500 | PWI.TO vs XUS.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PWI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PWI.TO and solid risk/return profiles. The least correlated is Pembina Pipeline Corporation (PPL-PC.TO) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | 0.10 | 0.08 | 0.12 | 94 | Energy | |
| Brookfield Renewable Corporation | 0.21 | 0.23 | 0.19 | 72 | Utilities |
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