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BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The BMO Global Consumer Staples Hedged to CAD Index ETF (STPL) seeks to replicate the performance of a global consumer staples equity index, hedged to the Canadian dollar, net of expenses. The fund provides Canadian investors with diversified exposure to large-cap consumer staples companies in developed markets while removing foreign currency risk through CAD hedging.

Looking to diversify beyond STPL.TO? The ETFs below have the lowest correlation with STPL.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 STPL.TO.

Best Diversifiers for STPL.TO

7 ETFs have low correlation with STPL.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) (Nasdaq-100) with a 1Y correlation of 0.01, down from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF0.010.080.18
75
Nasdaq-100STPL.TO vs ZNQ.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)0.040.130.24
68
Nasdaq-100STPL.TO vs ZQQ.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.060.04—
100
Money MarketSTPL.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETF0.160.210.30
77
S&P 500STPL.TO vs ZSP.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.190.280.35
96
Financials EquitiesSTPL.TO vs ZEB.TO
See all 9 diversifiers for STPL.TO

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Diversification Analysis

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