Looking to balance out your exposure to SPB.TO? The ETFs below have the lowest correlation with SPB.TO — they tend to move on their own, which can help reduce risk when SPB.TO drops. The stock ideas table highlights individual companies that behave independently from SPB.TO.
No Diversifiers Found for SPB.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 SPB.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPB.TO and solid risk/return profiles. The least correlated is IAMGOLD Corporation (IMG.TO) (Basic Materials) with a 1Y correlation of -0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IAMGOLD Corporation | -0.02 | 0.09 | 0.13 | 85 | Basic Materials |
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