Looking to diversify beyond TPU.TO? The ETFs below have the lowest correlation with TPU.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TPU.TO.
Best Diversifiers for TPU.TO
13 ETFs have low correlation with TPU.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 -0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | -0.03 | 0.06 | 0.03 | 100 | Money Market | TPU.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | 0.04 | 0.02 | 99 | Canadian Government Bonds | TPU.TO vs CBIL.TO | |
| BMO Money Market Fund ETF Series | 0.06 | 0.03 | 0.03 | 100 | Money Market | TPU.TO vs ZMMK.TO | |
| Brompton Canadian Cash Flow Kings ETF | 0.07 | — | — | 97 | Large Cap Blend Equities | TPU.TO vs KNGC.TO | |
| TD Cash Management ETF | 0.08 | — | — | 99 | Canadian Government Bonds | TPU.TO vs TCSH.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TPU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TPU.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.13 | 0.07 | 0.17 | 81 | Energy | |
| Canadian Natural Resources Limited | -0.12 | 0.08 | 0.14 | 86 | Energy | |
| Fortuna Silver Mines Inc. | 0.26 | 0.17 | 0.13 | 63 | Basic Materials | |
| Dividend 15 Split Corp. | 0.38 | 0.36 | 0.37 | 96 | Financial Services | |
| The Toronto-Dominion Bank | 0.41 | 0.35 | 0.37 | 98 | Financial Services |
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