Looking to balance out your exposure to SU.TO? The ETFs below have the lowest correlation with SU.TO — they tend to move on their own, which can help reduce risk when SU.TO drops. The stock ideas table highlights individual companies that behave independently from SU.TO.
Best Diversifiers for SU.TO
5 ETFs have low correlation with SU.TO (below 0.3), 4 of which are negatively correlated. The least correlated is Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) (Derivative Income) with a 1Y correlation of -0.17, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Canadian Financials YIELD MAXIMIZER ETF | -0.17 | 0.13 | 0.18 | 91 | Derivative Income | SU.TO vs HMAX.TO | |
| Vanguard S&P 500 Index ETF | -0.13 | 0.03 | 0.12 | 74 | S&P 500 | SU.TO vs VFV.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | -0.10 | 0.08 | 0.18 | 75 | Derivative Income | SU.TO vs HYLD.TO | |
| Vanguard All-Equity ETF Portfolio | -0.10 | 0.14 | 0.23 | 81 | Global Equities | SU.TO vs VEQT.TO | |
| Global X High Interest Savings ETF | 0.10 | 0.06 | 0.04 | 100 | Money Market | SU.TO vs CASH.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SU.TO and solid risk/return profiles. The least correlated is National Bank of Canada (NA.TO) (Financial Services) with a 1Y correlation of -0.17, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Bank of Canada | -0.17 | 0.08 | 0.18 | 95 | Financial Services | |
| The Toronto-Dominion Bank | -0.17 | 0.16 | 0.26 | 98 | Financial Services | |
| Royal Bank of Canada | -0.15 | 0.10 | 0.22 | 97 | Financial Services | |
| Loblaw Companies Limited | -0.09 | -0.07 | -0.04 | 54 | Consumer Defensive | |
| Alimentation Couche-Tard Inc. | -0.08 | 0.01 | 0.09 | 55 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SU.TO
Add SU.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SU.TO