Looking to balance out your exposure to WPK.TO? The ETFs below have the lowest correlation with WPK.TO — they tend to move on their own, which can help reduce risk when WPK.TO drops. The stock ideas table highlights individual companies that behave independently from WPK.TO.
No Diversifiers Found for WPK.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 WPK.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WPK.TO and solid risk/return profiles. The least correlated is Imperial Oil Limited (IMO.TO) (Energy) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Imperial Oil Limited | 0.05 | 0.09 | 0.10 | 91 | Energy | |
| Richelieu Hardware Ltd. | 0.18 | 0.26 | 0.27 | 59 | Consumer Cyclical | |
| Linamar Corporation | 0.26 | 0.30 | 0.27 | 89 | Consumer Cyclical |
Build a portfolio that complements WPK.TO
Add WPK.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WPK.TO