Looking to balance out your exposure to WFG.TO? The ETFs below have the lowest correlation with WFG.TO — they tend to move on their own, which can help reduce risk when WFG.TO drops. The stock ideas table highlights individual companies that behave independently from WFG.TO.
No Diversifiers Found for WFG.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 WFG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WFG.TO and solid risk/return profiles. The least correlated is Northland Power Inc. (NPI.TO) (Utilities) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northland Power Inc. | 0.07 | 0.17 | 0.15 | 54 | Utilities | |
| National Bank of Canada | 0.14 | 0.20 | 0.25 | 95 | Financial Services |
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