Looking to balance out your exposure to TKO.TO? The ETFs below have the lowest correlation with TKO.TO — they tend to move on their own, which can help reduce risk when TKO.TO drops. The stock ideas table highlights individual companies that behave independently from TKO.TO.
No Diversifiers Found for TKO.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 TKO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TKO.TO and solid risk/return profiles. The least correlated is Royal Bank of Canada (RY.TO) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | 0.25 | 0.22 | 0.29 | 99 | Financial Services | |
| Lithium Argentina AG | 0.45 | 0.45 | 0.46 | 85 | Basic Materials | |
| Almonty Industries Inc. | 0.47 | 0.25 | 0.19 | 93 | Basic Materials | |
| Solaris Resources Inc. | 0.68 | 0.56 | 0.51 | 70 | Basic Materials | |
| First Quantum Minerals Ltd. | 0.68 | 0.61 | 0.63 | 80 | Basic Materials |
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