Looking to balance out your exposure to TVE.TO? The ETFs below have the lowest correlation with TVE.TO — they tend to move on their own, which can help reduce risk when TVE.TO drops. The stock ideas table highlights individual companies that behave independently from TVE.TO.
No Diversifiers Found for TVE.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 TVE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TVE.TO and solid risk/return profiles. The least correlated is Power Corporation of Canada (POW.TO) (Financial Services) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | -0.24 | -0.04 | 0.11 | 94 | Financial Services | |
| The Bank of Nova Scotia | -0.14 | 0.09 | 0.19 | 96 | Financial Services | |
| Great-West Lifeco Inc. | -0.11 | -0.02 | 0.14 | 95 | Financial Services | |
| Canadian Imperial Bank of Commerce | -0.09 | 0.10 | 0.22 | 96 | Financial Services | |
| Bank of Montreal | -0.09 | 0.13 | 0.25 | 95 | Financial Services |
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