Looking to balance out your exposure to RSI.TO? The ETFs below have the lowest correlation with RSI.TO — they tend to move on their own, which can help reduce risk when RSI.TO drops. The stock ideas table highlights individual companies that behave independently from RSI.TO.
Best Diversifiers for RSI.TO
3 ETFs have low correlation with RSI.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 0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | 0.02 | 0.14 | 0.18 | 74 | S&P 500 | RSI.TO vs VFV.TO | |
| iShares Canadian Financial Monthly Income ETF | 0.13 | 0.28 | 0.33 | 93 | Canada Equities | RSI.TO vs FIE.TO | |
| iShares Core MSCI Canadian Quality Dividend Index ... | 0.13 | 0.30 | 0.34 | 98 | Dividend, Large Cap Value Equities | RSI.TO vs XDIV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSI.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSI.TO and solid risk/return profiles. The least correlated is Bird Construction Inc. (BDT.TO) (Industrials) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bird Construction Inc. | -0.03 | 0.10 | 0.17 | 94 | Industrials | |
| Hydro One Limited | -0.01 | 0.18 | 0.15 | 70 | Utilities | |
| Lundin Gold Inc. | 0.06 | 0.12 | 0.13 | 58 | Basic Materials | |
| BCE Inc. | 0.11 | 0.17 | 0.20 | 69 | Communication Services | |
| Canadian Utilities Limited | 0.11 | 0.23 | 0.22 | 93 | Utilities |
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