Looking to diversify beyond ESGY.TO? The ETFs below have the lowest correlation with ESGY.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 ESGY.TO.
Best Diversifiers for ESGY.TO
2 ETFs have low correlation with ESGY.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.18 | 0.10 | — | 99 | Money Market | ESGY.TO vs ZMMK.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.29 | 0.33 | 0.38 | 56 | Canada Equities, Low Volatility | ESGY.TO vs ZLB.TO | |
| Desjardins RI USA Multifactor - Net-Zero Emissions... | 0.34 | 0.32 | 0.24 | 87 | Large Cap Blend Equities, Sustainable, Multi-factor | ESGY.TO vs DRFU.TO | |
| BMO Canadian Dividend ETF | 0.36 | 0.35 | 0.39 | 98 | Canada Equities | ESGY.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.46 | 0.43 | 0.45 | 98 | Financials Equities, Equal Weight | ESGY.TO vs ZEB.TO |
See all 24 diversifiers for ESGY.TO
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