Looking to balance out your exposure to T.TO? The ETFs below have the lowest correlation with T.TO — they tend to move on their own, which can help reduce risk when T.TO drops. The stock ideas table highlights individual companies that behave independently from T.TO.
Best Diversifiers for T.TO
27 ETFs have low correlation with T.TO (below 0.3), 5 of which are negatively correlated. The least correlated is Hamilton Technology YIELD MAXIMIZER ETF (QMAX.TO) (Technology Equities) with a 1Y correlation of -0.09, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Technology YIELD MAXIMIZER ETF | -0.09 | -0.12 | -0.12 | 54 | Technology Equities, Derivative Income | T.TO vs QMAX.TO | |
| Hamilton Enhanced U.S. Covered Call ETF | -0.05 | 0.01 | — | 75 | Derivative Income | T.TO vs HYLD.TO | |
| Global X High Interest Savings ETF | -0.04 | 0.02 | — | 99 | Money Market | T.TO vs CASH.TO | |
| Harvest Tech Achievers Growth & Income ETF | -0.04 | -0.04 | 0.11 | 58 | Technology Equities | T.TO vs HTA.TO | |
| BMO Money Market Fund ETF Series | -0.03 | 0.02 | — | 99 | Money Market | T.TO vs ZMMK.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from T.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to T.TO and solid risk/return profiles. The least correlated is Whitecap Resources Inc. (WCP.TO) (Energy) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Whitecap Resources Inc. | -0.15 | -0.09 | 0.01 | 93 | Energy | |
| Quebecor Inc | -0.11 | 0.06 | 0.08 | 92 | Communication Services | |
| South Bow Corp | -0.09 | — | — | 92 | Energy | |
| Canadian Natural Resources Limited | -0.07 | -0.03 | 0.08 | 77 | Energy | |
| Nutrien Ltd. | -0.06 | 0.15 | 0.17 | 59 | Basic Materials |
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Build a portfolio that complements T.TO
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