Looking to diversify beyond USCL.TO? The ETFs below have the lowest correlation with USCL.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from USCL.TO.
Best Diversifiers for USCL.TO
28 ETFs have low correlation with USCL.TO (below 0.3), 9 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.14 | — | — | 75 | Derivative Income | USCL.TO vs UTES.TO | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.14 | — | — | 73 | Energy Equities, Derivative Income | USCL.TO vs NXF.TO | |
| Global X Equal Weight Canadian Pipelines Index ETF | -0.14 | — | — | 77 | Energy Equities | USCL.TO vs PPLN.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.13 | — | — | 85 | Derivative Income, Energy Equities | USCL.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.12 | — | — | 85 | Oil & Gas, Derivative Income | USCL.TO vs ENCL.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from USCL.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to USCL.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Power Corporation of Canada | 0.23 | — | — | 94 | Financial Services | |
| The Bank of Nova Scotia | 0.34 | — | — | 96 | Financial Services |
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