Looking to diversify beyond DISC.TO? The ETFs below have the lowest correlation with DISC.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DISC.TO.
Best Diversifiers for DISC.TO
6 ETFs have low correlation with DISC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Low Volatility Canadian Equity ETF (ZLB.TO) (Canada Equities) with a 1Y correlation of 0.13, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Low Volatility Canadian Equity ETF | 0.13 | 0.26 | 0.37 | 57 | Canada Equities | DISC.TO vs ZLB.TO | |
| BMO Money Market Fund ETF Series | 0.13 | 0.08 | — | 99 | Money Market | DISC.TO vs ZMMK.TO | |
| BMO Canadian Dividend ETF | 0.15 | 0.29 | 0.41 | 98 | Canada Equities | DISC.TO vs ZDV.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.25 | 0.36 | 0.49 | 88 | Canada Equities | DISC.TO vs ZCN.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.28 | 0.40 | 0.50 | 57 | Nasdaq-100 | DISC.TO vs ZNQ.TO |
See all 8 diversifiers for DISC.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DISC.TO
Add DISC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DISC.TO