Looking to balance out your exposure to RCI-B.TO? The ETFs below have the lowest correlation with RCI-B.TO — they tend to move on their own, which can help reduce risk when RCI-B.TO drops. The stock ideas table highlights individual companies that behave independently from RCI-B.TO.
Best Diversifiers for RCI-B.TO
4 ETFs have low correlation with RCI-B.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.04 | 0.02 | — | 99 | Money Market | RCI-B.TO vs ZMMK.TO | |
| Vanguard S&P 500 Index ETF | 0.03 | 0.12 | 0.13 | 78 | S&P 500 | RCI-B.TO vs VFV.TO | |
| iShares S&P/TSX 60 Index ETF | 0.05 | 0.27 | 0.26 | 89 | Canada Equities | RCI-B.TO vs XIU.TO | |
| iShares Premium Money Market ETF | 0.07 | 0.03 | 0.02 | 100 | Money Market | RCI-B.TO vs CMR.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RCI-B.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RCI-B.TO and solid risk/return profiles. The least correlated is Capital Power Corporation (CPX.TO) (Utilities) with a 1Y correlation of -0.08, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Power Corporation | -0.08 | 0.11 | 0.12 | 76 | Utilities | |
| ARC Resources Ltd. | -0.05 | 0.01 | 0.05 | 51 | Energy | |
| AltaGas Ltd. | -0.03 | 0.12 | 0.14 | 90 | Utilities | |
| Chartwell Retirement Residences | -0.03 | 0.14 | 0.16 | 76 | Real Estate | |
| Canadian Natural Resources Limited | -0.03 | 0.04 | 0.07 | 77 | Energy |
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