Looking to balance out your exposure to Y.TO? The ETFs below have the lowest correlation with Y.TO — they tend to move on their own, which can help reduce risk when Y.TO drops. The stock ideas table highlights individual companies that behave independently from Y.TO.
No Diversifiers Found for Y.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 Y.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to Y.TO and solid risk/return profiles. The least correlated is BCE Inc. (BCE.TO) (Communication Services) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BCE Inc. | -0.01 | -0.02 | 0.02 | 71 | Communication Services |
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