Looking to balance out your exposure to TSU.TO? The ETFs below have the lowest correlation with TSU.TO — they tend to move on their own, which can help reduce risk when TSU.TO drops. The stock ideas table highlights individual companies that behave independently from TSU.TO.
Best Diversifiers for TSU.TO
2 ETFs have low correlation with TSU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Equity ETF Portfolio (XEQT.TO) (Global Equities) with a 1Y correlation of 0.22, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio | 0.22 | 0.29 | 0.37 | 87 | Global Equities | TSU.TO vs XEQT.TO | |
| BMO Money Market Fund ETF Series | 0.27 | 0.13 | 0.08 | 99 | Money Market | TSU.TO vs ZMMK.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.36 | 0.37 | 0.37 | 55 | Canada Equities | TSU.TO vs ZLB.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSU.TO and solid risk/return profiles. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.05 | 0.06 | 0.10 | 88 | Energy | |
| Russel Metals Inc. | 0.15 | 0.22 | 0.29 | 93 | Industrials | |
| Toromont Industries Ltd. | 0.16 | 0.16 | 0.24 | 97 | Industrials | |
| Aritzia Inc. | 0.18 | 0.18 | 0.23 | 92 | Consumer Cyclical | |
| Manulife Financial Corporation | 0.24 | 0.29 | 0.30 | 94 | Financial Services |
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