Looking to balance out your exposure to SCR.TO? The ETFs below have the lowest correlation with SCR.TO — they tend to move on their own, which can help reduce risk when SCR.TO drops. The stock ideas table highlights individual companies that behave independently from SCR.TO.
No Diversifiers Found for SCR.TO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCR.TO and solid risk/return profiles. The least correlated is Black Diamond Group Limited (BDI.TO) (Industrials) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Diamond Group Limited | -0.07 | 0.11 | 0.20 | 96 | Industrials | |
| Ovintiv Inc. | 0.47 | 0.45 | 0.54 | 84 | Energy | |
| Whitecap Resources Inc. | 0.52 | 0.52 | 0.59 | 97 | Energy |
Build a portfolio that complements SCR.TO
Add SCR.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCR.TO