Looking to diversify beyond ZBI.TO? The ETFs below have the lowest correlation with ZBI.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 ZBI.TO.
Best Diversifiers for ZBI.TO
16 ETFs have low correlation with ZBI.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 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.02 | 0.09 | 0.07 | 100 | Money Market | ZBI.TO vs ZMMK.TO | |
| iShares Floating Rate Index ETF | 0.02 | -0.05 | — | 98 | Canadian Government Bonds | ZBI.TO vs XFR.TO | |
| Global X 0-3 Month T-Bill ETF | 0.04 | -0.01 | — | 99 | Canadian Government Bonds | ZBI.TO vs CBIL.TO | |
| iShares Premium Money Market ETF | 0.04 | 0.08 | — | 99 | Money Market | ZBI.TO vs CMR.TO | |
| BMO Laddered Preferred Share Index ETF | 0.09 | 0.10 | — | 96 | Preferred Stock/Convertible Bonds | ZBI.TO vs ZPR.TO |
See all 22 diversifiers for ZBI.TO
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