Looking to balance out your exposure to TLO.TO? The ETFs below have the lowest correlation with TLO.TO — they tend to move on their own, which can help reduce risk when TLO.TO drops. The stock ideas table highlights individual companies that behave independently from TLO.TO.
No Diversifiers Found for TLO.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 TLO.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLO.TO and solid risk/return profiles. The least correlated is Lundin Mining Corporation (LUN.TO) (Basic Materials) with a 1Y correlation of 0.35, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lundin Mining Corporation | 0.35 | 0.18 | 0.21 | 95 | Basic Materials |
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