Looking to balance out your exposure to TA-PJ.TO? The ETFs below have the lowest correlation with TA-PJ.TO — they tend to move on their own, which can help reduce risk when TA-PJ.TO drops. The stock ideas table highlights individual companies that behave independently from TA-PJ.TO.
No Diversifiers Found for TA-PJ.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 TA-PJ.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TA-PJ.TO and solid risk/return profiles. The least correlated is Emera Incorporated (EMA-PC.TO) (Utilities) with a 1Y correlation of 0.14, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Incorporated | 0.14 | 0.21 | 0.20 | 89 | Utilities |
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