Looking to balance out your exposure to TRX.TO? The ETFs below have the lowest correlation with TRX.TO — they tend to move on their own, which can help reduce risk when TRX.TO drops. The stock ideas table highlights individual companies that behave independently from TRX.TO.
No Diversifiers Found for TRX.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 TRX.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRX.TO and solid risk/return profiles. The least correlated is Skeena Resources Limited (SKE.TO) (Basic Materials) with a 1Y correlation of 0.56, up from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Skeena Resources Limited | 0.56 | 0.36 | 0.30 | 84 | Basic Materials |
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