Looking to diversify beyond ZCH.TO? The ETFs below have the lowest correlation with ZCH.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 ZCH.TO.
Best Diversifiers for ZCH.TO
6 ETFs have low correlation with ZCH.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 0.08, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.08 | 0.03 | — | 100 | Money Market | ZCH.TO vs ZMMK.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.10 | 0.25 | 0.21 | 98 | Canada Equities | ZCH.TO vs XEI.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.20 | 0.22 | 0.19 | 54 | Canada Equities | ZCH.TO vs ZLB.TO | |
| BMO Equal Weight Banks Index ETF | 0.23 | 0.25 | 0.24 | 96 | Financials Equities | ZCH.TO vs ZEB.TO | |
| BMO Canadian Dividend ETF | 0.23 | 0.28 | 0.24 | 85 | Canada Equities | ZCH.TO vs ZDV.TO |
See all 17 diversifiers for ZCH.TO
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