Looking to balance out your exposure to URB.TO? The ETFs below have the lowest correlation with URB.TO — they tend to move on their own, which can help reduce risk when URB.TO drops. The stock ideas table highlights individual companies that behave independently from URB.TO.
No Diversifiers Found for URB.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 URB.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to URB.TO and solid risk/return profiles. The least correlated is Mineros S.A. (MSA.TO) (Basic Materials) with a 1Y correlation of -0.02, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mineros S.A. | -0.02 | -0.02 | -0.00 | 87 | Basic Materials | |
| Power Corporation of Canada | 0.07 | 0.10 | 0.13 | 94 | Financial Services | |
| Brookfield Corporation | 0.09 | 0.06 | 0.08 | 60 | Financial Services | |
| Toromont Industries Ltd. | 0.10 | 0.04 | 0.05 | 97 | Industrials |
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