Looking to balance out your exposure to SLS.TO? The ETFs below have the lowest correlation with SLS.TO — they tend to move on their own, which can help reduce risk when SLS.TO drops. The stock ideas table highlights individual companies that behave independently from SLS.TO.
No Diversifiers Found for SLS.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 SLS.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLS.TO and solid risk/return profiles. The least correlated is Wesdome Gold Mines Ltd. (WDO.TO) (Basic Materials) with a 1Y correlation of 0.42, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wesdome Gold Mines Ltd. | 0.42 | 0.35 | 0.32 | 66 | Basic Materials | |
| K92 Mining Inc. | 0.51 | 0.43 | 0.40 | 71 | Basic Materials | |
| Amerigo Resources Ltd. | 0.58 | 0.51 | 0.47 | 98 | Basic Materials | |
| Taseko Mines Limited | 0.60 | 0.53 | 0.50 | 93 | Basic Materials |
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