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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.


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.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Capital Power Corporation-0.080.110.12
76
Utilities
ARC Resources Ltd.-0.050.010.05
51
Energy
AltaGas Ltd.-0.030.120.14
90
Utilities
Chartwell Retirement Residences-0.030.140.16
76
Real Estate
Canadian Natural Resources Limited-0.030.040.07
77
Energy
See all 16 low-correlation stocks for RCI-B.TO

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Diversification Analysis

Build a portfolio that complements RCI-B.TO

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