Looking to balance out your exposure to SSRM.TO? The ETFs below have the lowest correlation with SSRM.TO — they tend to move on their own, which can help reduce risk when SSRM.TO drops. The stock ideas table highlights individual companies that behave independently from SSRM.TO.
No Diversifiers Found for SSRM.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 SSRM.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSRM.TO and solid risk/return profiles. The least correlated is Loblaw Companies Limited (L.TO) (Consumer Defensive) with a 1Y correlation of -0.14, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.14 | -0.02 | -0.01 | 68 | Consumer Defensive | |
| Power Corporation of Canada | 0.20 | 0.14 | 0.15 | 97 | Financial Services | |
| Bombardier Inc | 0.25 | 0.17 | 0.14 | 96 | Industrials | |
| Celestica Inc. | 0.29 | 0.16 | 0.14 | 81 | Technology | |
| Badger Infrastructure Solutions Ltd. | 0.31 | 0.21 | 0.16 | 92 | Industrials |
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