Looking to balance out your exposure to TIH.TO? The ETFs below have the lowest correlation with TIH.TO — they tend to move on their own, which can help reduce risk when TIH.TO drops. The stock ideas table highlights individual companies that behave independently from TIH.TO.
Best Diversifiers for TIH.TO
3 ETFs have low correlation with TIH.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.04 | -0.02 | — | 100 | Money Market | TIH.TO vs CASH.TO | |
| Franklin International Low Volatility High Dividen... | 0.17 | — | — | 63 | International Equity | TIH.TO vs FLVI.NEO | |
| CI WisdomTree Japan Equity Index ETF | 0.21 | 0.20 | 0.17 | 86 | Japan Equities | TIH.TO vs JAPN.TO | |
| Vanguard FTSE Developed All Cap Ex US | 0.33 | 0.38 | 0.42 | 76 | Global Equities | TIH.TO vs VEF.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TIH.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TIH.TO and solid risk/return profiles. The least correlated is Paramount Resources Ltd. (POU.TO) (Energy) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Paramount Resources Ltd. | -0.04 | 0.09 | 0.15 | 85 | Energy | |
| Quebecor Inc | -0.03 | 0.09 | 0.13 | 96 | Communication Services | |
| Loblaw Companies Limited | -0.01 | 0.12 | 0.13 | 54 | Consumer Defensive | |
| Canadian Natural Resources Limited | 0.01 | 0.14 | 0.19 | 86 | Energy | |
| Tamarack Valley Energy Ltd. | 0.01 | 0.12 | 0.15 | 99 | Energy |
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