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
2 ETFs have low correlation with RCI-B.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.05 | 0.13 | 0.14 | 78 | S&P 500 | RCI-B.TO vs VFV.TO | |
| iShares S&P/TSX 60 Index ETF | 0.05 | 0.28 | 0.27 | 87 | Canada Equities | RCI-B.TO vs XIU.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 Tourmaline Oil Corp. (TOU.TO) (Energy) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tourmaline Oil Corp. | -0.13 | -0.00 | 0.05 | 50 | Energy | |
| Enbridge Inc. | 0.02 | 0.20 | 0.21 | 85 | Energy | |
| Royal Bank of Canada | 0.05 | 0.25 | 0.24 | 97 | Financial Services | |
| Aritzia Inc. | 0.08 | 0.11 | 0.10 | 94 | Consumer Cyclical | |
| BCE Inc. | 0.33 | 0.44 | 0.45 | 68 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RCI-B.TO
Add RCI-B.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RCI-B.TO