Looking to balance out your exposure to TOT.TO? The ETFs below have the lowest correlation with TOT.TO — they tend to move on their own, which can help reduce risk when TOT.TO drops. The stock ideas table highlights individual companies that behave independently from TOT.TO.
No Diversifiers Found for TOT.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 TOT.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOT.TO and solid risk/return profiles. The least correlated is Major Drilling Group International Inc. (MDI.TO) (Basic Materials) with a 1Y correlation of 0.09, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Major Drilling Group International Inc. | 0.09 | 0.24 | 0.28 | 91 | Basic Materials | |
| Enerflex Ltd. | 0.40 | 0.42 | 0.43 | 99 | Energy |
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