Looking to balance out your exposure to TOU.TO? The ETFs below have the lowest correlation with TOU.TO — they tend to move on their own, which can help reduce risk when TOU.TO drops. The stock ideas table highlights individual companies that behave independently from TOU.TO.
Best Diversifiers for TOU.TO
17 ETFs have low correlation with TOU.TO (below 0.3), 14 of which are negatively correlated. The least correlated is iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) (Canadian Government Bonds) with a 1Y correlation of -0.31, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Canadian Short Term Corporate Bond In... | -0.31 | -0.10 | -0.09 | 74 | Canadian Government Bonds | TOU.TO vs XSH.TO | |
| PIMCO Monthly Income Fund (Canada) | -0.29 | -0.12 | -0.05 | 51 | TOU.TO vs PMIF.TO | ||
| iShares Core Conservative Balanced ETF Portfolio | -0.17 | 0.03 | 0.07 | 73 | Diversified Portfolio | TOU.TO vs XCNS.TO | |
| iShares Core MSCI EAFE IMI Index ETF | -0.16 | 0.05 | 0.13 | 62 | Foreign Large Cap Equities | TOU.TO vs XEF.TO | |
| BMO Low Volatility Canadian Equity ETF | -0.12 | 0.05 | 0.11 | 57 | Canada Equities | TOU.TO vs ZLB.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOU.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of -0.25, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.25 | -0.06 | 0.06 | 97 | Financial Services | |
| The Bank of Nova Scotia | -0.25 | 0.00 | 0.10 | 98 | Financial Services | |
| Equitable Group Inc. | -0.21 | 0.01 | 0.08 | 81 | Financial Services | |
| National Bank of Canada | -0.20 | 0.05 | 0.16 | 98 | Financial Services | |
| Linamar Corporation | -0.17 | 0.09 | 0.13 | 89 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TOU.TO
Add TOU.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TOU.TO