Looking to balance out your exposure to RS.TO? The ETFs below have the lowest correlation with RS.TO — they tend to move on their own, which can help reduce risk when RS.TO drops. The stock ideas table highlights individual companies that behave independently from RS.TO.
Best Diversifiers for RS.TO
3 ETFs have low correlation with RS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) (Commodities) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CI Auspice Broad Commodity Fund ETF Hedged Units | 0.04 | 0.07 | — | 63 | Commodities | RS.TO vs CCOM.TO | |
| CI Global Climate Leaders Fund | 0.16 | 0.17 | — | 89 | RS.TO vs CLML.TO | ||
| iShares S&P/TSX Composite High Dividend Index ETF | 0.27 | 0.33 | 0.32 | 98 | Canada Equities | RS.TO vs XEI.TO | |
| Vanguard S&P 500 Index ETF | 0.31 | 0.26 | 0.28 | 78 | S&P 500 | RS.TO vs VFV.TO | |
| Vanguard All-Equity ETF Portfolio | 0.38 | 0.36 | 0.35 | 85 | Global Equities | RS.TO vs VEQT.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RS.TO and solid risk/return profiles. The least correlated is Dividend 15 Split Corp. (DFN.TO) (Financial Services) with a 1Y correlation of 0.24, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dividend 15 Split Corp. | 0.24 | 0.35 | 0.33 | 96 | Financial Services | |
| SmartCentres Real Estate Investment Trust | 0.46 | 0.41 | 0.38 | 84 | Real Estate |
Build a portfolio that complements RS.TO
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