Looking to balance out your exposure to QBR-A.TO? The ETFs below have the lowest correlation with QBR-A.TO — they tend to move on their own, which can help reduce risk when QBR-A.TO drops. The stock ideas table highlights individual companies that behave independently from QBR-A.TO.
Best Diversifiers for QBR-A.TO
1 ETFs have low correlation with QBR-A.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) (Dividend) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.03 | 0.05 | 0.09 | 98 | Dividend | QBR-A.TO vs VDY.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QBR-A.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QBR-A.TO and solid risk/return profiles. The least correlated is Black Diamond Group Limited (BDI.TO) (Industrials) with a 1Y correlation of -0.17, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Diamond Group Limited | -0.17 | -0.03 | 0.02 | 95 | Industrials | |
| Granite Real Estate Investment Trust | -0.07 | 0.04 | 0.08 | 90 | Real Estate | |
| AGF Management Ltd | -0.06 | 0.05 | 0.09 | 84 | Financial Services | |
| IGM Financial Inc. | -0.04 | 0.04 | 0.09 | 98 | Financial Services | |
| Emera Incorporated | -0.03 | 0.04 | 0.01 | 89 | Utilities |
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