Looking to balance out your exposure to XAU.TO? The ETFs below have the lowest correlation with XAU.TO — they tend to move on their own, which can help reduce risk when XAU.TO drops. The stock ideas table highlights individual companies that behave independently from XAU.TO.
No Diversifiers Found for XAU.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 XAU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XAU.TO and solid risk/return profiles. The least correlated is WELL Health Technologies Corp. (WELL.TO) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WELL Health Technologies Corp. | 0.04 | 0.06 | 0.09 | 58 | Healthcare | |
| Faraday Copper Corp. | 0.05 | 0.02 | 0.02 | 99 | Basic Materials |
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