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Slate Grocery REIT (SGR-U.TO) Diversifiers

Equity · Currency in USD · Last updated Jun 26, 2026

Slate Grocery REIT owns and operates approximately $2.4 billion of grocery-anchored real estate across major U.S. metro markets, providing essential infrastructure that supports everyday community needs. The REIT's portfolio, anchored by strong credit tenants, aims to deliver durable cash flows and potential long-term capital appreciation.

Looking to balance out your exposure to SGR-U.TO? The ETFs below have the lowest correlation with SGR-U.TO — they tend to move on their own, which can help reduce risk when SGR-U.TO drops. The stock ideas table highlights individual companies that behave independently from SGR-U.TO.

Best Diversifiers for SGR-U.TO

4 ETFs have low correlation with SGR-U.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.170.26—
98
Canada EquitiesSGR-U.TO vs XEI.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETF0.200.240.25
96
Derivative IncomeSGR-U.TO vs HMAX.TO
XIU.TO
iShares S&P/TSX 60 Index ETF0.210.260.32
90
Canada EquitiesSGR-U.TO vs XIU.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.250.27—
98
Dividend, Large Cap Value EquitiesSGR-U.TO vs XDIV.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SGR-U.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGR-U.TO and solid risk/return profiles. The least correlated is Freehold Royalties Ltd. (FRU.TO) (Energy) with a 1Y correlation of 0.01, down from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FRU.TO
Freehold Royalties Ltd.0.010.060.12
88
Energy
NTR.TO
Nutrien Ltd.0.040.10—
53
Basic Materials
BEP-UN.TO
Brookfield Renewable Partners L.P0.080.16—
85
Utilities
MG.TO
Magna International Inc.0.090.18—
92
Consumer Cyclical
LUN.TO
Lundin Mining Corporation0.090.070.14
91
Basic Materials
See all 8 low-correlation stocks for SGR-U.TO

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Diversification Analysis

Build a portfolio that complements SGR-U.TO

Add SGR-U.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SGR-U.TO