Looking to diversify beyond ZAAA.NEO? The ETFs below have the lowest correlation with ZAAA.NEO — 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 ZAAA.NEO.
Best Diversifiers for ZAAA.NEO
9 ETFs have low correlation with ZAAA.NEO (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.19 | — | — | 99 | Money Market | ZAAA.NEO vs ZMMK.TO | |
| BMO S&P/TSX Capped Composite Index ETF | -0.19 | — | — | 81 | Canada Equities | ZAAA.NEO vs ZCN.TO | |
| BMO Equal Weight Banks Index ETF | -0.15 | — | — | 97 | Financials Equities, Equal Weight | ZAAA.NEO vs ZEB.TO | |
| BMO Canadian Dividend ETF | -0.09 | — | — | 97 | Canada Equities | ZAAA.NEO vs ZDV.TO | |
| Purpose Global Bond Fund | -0.07 | — | — | 56 | Global Bonds | ZAAA.NEO vs BND.TO |
See all 9 diversifiers for ZAAA.NEO
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Diversification Analysis
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