Looking to balance out your exposure to SDE.TO? The ETFs below have the lowest correlation with SDE.TO — they tend to move on their own, which can help reduce risk when SDE.TO drops. The stock ideas table highlights individual companies that behave independently from SDE.TO.
No Diversifiers Found for SDE.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 SDE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDE.TO and solid risk/return profiles. The least correlated is Tenaz Energy Corp. (TNZ.TO) (Energy) with a 1Y correlation of 0.35, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenaz Energy Corp. | 0.35 | 0.31 | 0.26 | 95 | Energy | |
| Saturn Oil & Gas Inc | 0.46 | 0.45 | 0.39 | 98 | Energy | |
| Valeura Energy Inc. | 0.46 | 0.40 | 0.29 | 72 | Energy | |
| Athabasca Oil Corporation | 0.54 | 0.53 | 0.54 | 94 | Energy | |
| Paramount Resources Ltd. | 0.57 | 0.56 | 0.60 | 85 | Energy |
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