Looking to balance out your exposure to STN.TO? The ETFs below have the lowest correlation with STN.TO — they tend to move on their own, which can help reduce risk when STN.TO drops. The stock ideas table highlights individual companies that behave independently from STN.TO.
Best Diversifiers for STN.TO
0 ETFs have low correlation with STN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Infrastructure Index ETF (CIF.TO) (Energy Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Infrastructure Index ETF | 0.40 | 0.43 | 0.46 | 70 | Energy Equities | STN.TO vs CIF.TO | |
| iShares Core S&P 500 Index ETF | 0.49 | 0.46 | 0.47 | 73 | S&P 500 | STN.TO vs XUS.TO | |
| Vanguard S&P 500 Index ETF | 0.49 | 0.46 | 0.47 | 74 | S&P 500 | STN.TO vs VFV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STN.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.11, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.11 | 0.08 | 0.14 | 81 | Energy | |
| Loblaw Companies Limited | -0.02 | 0.14 | 0.17 | 54 | Consumer Defensive | |
| Lundin Gold Inc. | 0.09 | 0.06 | 0.09 | 58 | Basic Materials | |
| Kinross Gold Corporation | 0.09 | 0.09 | 0.13 | 80 | Basic Materials | |
| Osisko Gold Royalties Ltd | 0.09 | 0.09 | 0.09 | 63 | Basic Materials |
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