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
1 ETFs have low correlation with TSU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.23, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.23 | 0.12 | 0.07 | 99 | Money Market | TSU.TO vs ZMMK.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 -0.08, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | -0.08 | 0.07 | 0.10 | 86 | Energy | |
| Toromont Industries Ltd. | 0.14 | 0.17 | 0.24 | 97 | Industrials | |
| Russel Metals Inc. | 0.14 | 0.24 | 0.30 | 88 | Industrials | |
| Manulife Financial Corporation | 0.22 | 0.29 | 0.29 | 77 | Financial Services | |
| Aritzia Inc. | 0.25 | 0.19 | 0.23 | 94 | Consumer Cyclical |
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