Looking to balance out your exposure to RBA.TO? The ETFs below have the lowest correlation with RBA.TO — they tend to move on their own, which can help reduce risk when RBA.TO drops. The stock ideas table highlights individual companies that behave independently from RBA.TO.
No Diversifiers Found for RBA.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 RBA.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RBA.TO and solid risk/return profiles. The least correlated is Pembina Pipeline Corporation (PPL.TO) (Energy) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | -0.02 | 0.13 | 0.12 | 83 | Energy | |
| Lundin Gold Inc. | 0.09 | 0.08 | 0.05 | 58 | Basic Materials | |
| Celestica Inc. | 0.15 | 0.19 | 0.19 | 94 | Technology | |
| Kinross Gold Corporation | 0.15 | 0.12 | 0.06 | 80 | Basic Materials | |
| Cameco Corporation | 0.19 | 0.17 | 0.16 | 84 | Energy |
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