Looking to balance out your exposure to WN.TO? The ETFs below have the lowest correlation with WN.TO — they tend to move on their own, which can help reduce risk when WN.TO drops. The stock ideas table highlights individual companies that behave independently from WN.TO.
Best Diversifiers for WN.TO
1 ETFs have low correlation with WN.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 Index ETF (VFV.TO) (S&P 500) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Index ETF | -0.06 | 0.15 | 0.20 | 74 | S&P 500 | WN.TO vs VFV.TO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WN.TO and solid risk/return profiles. The least correlated is The Toronto-Dominion Bank (TD.TO) (Financial Services) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Toronto-Dominion Bank | -0.03 | 0.13 | 0.14 | 98 | Financial Services | |
| Bank of Montreal | -0.00 | 0.16 | 0.18 | 95 | Financial Services | |
| National Bank of Canada | 0.01 | 0.22 | 0.22 | 95 | Financial Services | |
| Manulife Financial Corporation | 0.09 | 0.20 | 0.19 | 74 | Financial Services | |
| Power Corporation of Canada | 0.10 | 0.22 | 0.25 | 94 | Financial Services |
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