Looking to diversify beyond TGRO.TO? The ETFs below have historically moved differently from TGRO.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TGRO.TO
13 ETFs have low correlation with TGRO.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.12 | 0.13 | 0.21 | 89 | Energy Equities, Canada Equities | TGRO.TO vs XEG.TO | |
| iShares Premium Money Market ETF | 0.00 | 0.02 | 0.02 | 100 | Money Market | TGRO.TO vs CMR.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | 0.04 | — | 99 | Canadian Government Bonds | TGRO.TO vs CBIL.TO | |
| Global X High Interest Savings ETF | 0.04 | 0.07 | — | 100 | Money Market | TGRO.TO vs CASH.TO | |
| IA Clarington Strategic Income Fund | 0.04 | 0.06 | 0.13 | 66 | Diversified Portfolio | TGRO.TO vs ISIF.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TGRO.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.12 | 0.11 | 0.18 | 88 | Energy | |
| Enbridge Inc. | -0.06 | 0.17 | 0.21 | 87 | Energy | |
| Dividend 15 Split Corp. | 0.48 | 0.52 | 0.50 | 98 | Financial Services | |
| The Toronto-Dominion Bank | 0.56 | 0.50 | 0.48 | 99 | Financial Services | |
| Royal Bank of Canada | 0.60 | 0.59 | 0.55 | 99 | Financial Services |
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