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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Financials Index ETF | 0.20 | 0.27 | 0.37 | 93 | Financials Equities | TCL-A.TO vs XFN.TO |
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