Looking to balance out your exposure to SOIL.TO? The ETFs below have the lowest correlation with SOIL.TO — they tend to move on their own, which can help reduce risk when SOIL.TO drops. The stock ideas table highlights individual companies that behave independently from SOIL.TO.
No Diversifiers Found for SOIL.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 SOIL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOIL.TO and solid risk/return profiles. The least correlated is Tenaz Energy Corp. (TNZ.TO) (Energy) with a 1Y correlation of 0.37, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenaz Energy Corp. | 0.37 | 0.33 | 0.25 | 95 | Energy | |
| Spartan Delta Corp. | 0.46 | 0.45 | 0.39 | 99 | Energy | |
| Valeura Energy Inc. | 0.52 | 0.44 | 0.32 | 72 | Energy | |
| Canadian Natural Resources Limited | 0.53 | 0.55 | 0.49 | 86 | Energy | |
| Paramount Resources Ltd. | 0.54 | 0.52 | 0.44 | 85 | Energy |
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