Looking to balance out your exposure to QSR.TO? The ETFs below have the lowest correlation with QSR.TO — they tend to move on their own, which can help reduce risk when QSR.TO drops. The stock ideas table highlights individual companies that behave independently from QSR.TO.
Best Diversifiers for QSR.TO
1 ETFs have low correlation with QSR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX 60 Index ETF (XIU.TO) (Canada Equities) with a 1Y correlation of 0.24, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX 60 Index ETF | 0.24 | 0.34 | 0.36 | 82 | Canada Equities | QSR.TO vs XIU.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QSR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QSR.TO and solid risk/return profiles. The least correlated is Nutrien Ltd. (NTR.TO) (Basic Materials) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | 0.01 | 0.08 | 0.09 | 61 | Basic Materials | |
| Bird Construction Inc. | 0.01 | 0.15 | 0.19 | 94 | Industrials | |
| Canadian Natural Resources Limited | 0.03 | 0.05 | 0.06 | 86 | Energy | |
| Magna International Inc. | 0.06 | 0.18 | 0.24 | 92 | Consumer Cyclical | |
| Equitable Group Inc. | 0.09 | 0.17 | 0.22 | 68 | Financial Services |
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