Looking to diversify beyond ZAAA.NEO? The ETFs below have historically moved differently from ZAAA.NEO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ZAAA.NEO
13 ETFs have low correlation with ZAAA.NEO (below 0.3), 10 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.18 | — | — | 99 | Money Market | ZAAA.NEO vs ZMMK.TO | |
| BMO S&P/TSX Capped Composite Index ETF | -0.15 | — | — | 90 | Canada Equities | ZAAA.NEO vs ZCN.TO | |
| BMO Equal Weight Banks Index ETF | -0.08 | — | — | 98 | Financials Equities, Equal Weight | ZAAA.NEO vs ZEB.TO | |
| BMO Ultra Short-Term Bond ETF | -0.07 | — | — | 61 | Ultrashort Bond | ZAAA.NEO vs ZST.TO | |
| Evolve Canadian Banks and Lifecos Enhanced Yield I... | -0.06 | — | — | 98 | Derivative Income | ZAAA.NEO vs BANK.TO |
See all 13 diversifiers for ZAAA.NEO
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