Looking to balance out your exposure to XTC.TO? The ETFs below have the lowest correlation with XTC.TO — they tend to move on their own, which can help reduce risk when XTC.TO drops. The stock ideas table highlights individual companies that behave independently from XTC.TO.
No Diversifiers Found for XTC.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 XTC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XTC.TO and solid risk/return profiles. The least correlated is Magna International Inc. (MG.TO) (Consumer Cyclical) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Magna International Inc. | 0.17 | 0.23 | 0.26 | 92 | Consumer Cyclical | |
| Linamar Corporation | 0.22 | 0.29 | 0.31 | 89 | Consumer Cyclical |
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