Looking to balance out your exposure to SII.TO? The ETFs below have the lowest correlation with SII.TO — they tend to move on their own, which can help reduce risk when SII.TO drops. The stock ideas table highlights individual companies that behave independently from SII.TO.
No Diversifiers Found for SII.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 SII.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SII.TO and solid risk/return profiles. The least correlated is Paramount Resources Ltd. (POU.TO) (Energy) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Paramount Resources Ltd. | -0.03 | 0.16 | 0.22 | 77 | Energy | |
| Great-West Lifeco Inc. | 0.01 | 0.07 | 0.12 | 97 | Financial Services | |
| Tamarack Valley Energy Ltd. | 0.01 | 0.18 | 0.19 | 99 | Energy | |
| Laurentian Bank of Canada | 0.10 | 0.17 | 0.16 | 97 | Financial Services | |
| Power Corporation of Canada | 0.15 | 0.16 | 0.19 | 96 | Financial Services |
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