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Looking to balance out your exposure to TCL-A.TO? The ETFs below have the lowest correlation with TCL-A.TO — they tend to move on their own, which can help reduce risk when TCL-A.TO drops. The stock ideas table highlights individual companies that behave independently from TCL-A.TO.

Best Diversifiers for TCL-A.TO

1 ETFs have low correlation with TCL-A.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Financials Index ETF (XFN.TO) (Financials Equities) with a 1Y correlation of 0.20, down from 0.37 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
iShares S&P/TSX Capped Financials Index ETF0.200.270.37
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Financials EquitiesTCL-A.TO vs XFN.TO

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Diversification Analysis

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