Looking to diversify beyond ZCLN.TO? The ETFs below have the lowest correlation with ZCLN.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 ZCLN.TO.
Best Diversifiers for ZCLN.TO
9 ETFs have low correlation with ZCLN.TO (below 0.3), 2 of which are negatively correlated. The least correlated is Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) (Energy Equities) with a 1Y correlation of -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Equal Weight Canadian Pipelines Index ETF | -0.07 | 0.15 | 0.21 | 77 | Energy Equities | ZCLN.TO vs PPLN.TO | |
| Purpose Cash Management Fund | -0.04 | -0.03 | — | 100 | Money Market | ZCLN.TO vs MNY.TO | |
| BMO Money Market Fund ETF Series | 0.02 | 0.03 | 0.02 | 100 | Money Market | ZCLN.TO vs ZMMK.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.04 | 0.15 | 0.16 | 86 | Energy Equities | ZCLN.TO vs XEG.TO | |
| BMO Short Corporate Bond Index ETF | 0.14 | 0.20 | 0.16 | 56 | Canadian Government Bonds | ZCLN.TO vs ZCS.TO |
See all 26 diversifiers for ZCLN.TO
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