Looking to diversify beyond ZCM.TO? The ETFs below have the lowest correlation with ZCM.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 ZCM.TO.
Best Diversifiers for ZCM.TO
14 ETFs have low correlation with ZCM.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) (Canada Equities) with a 1Y correlation of 0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Composite High Dividend Index ETF | 0.00 | 0.18 | 0.11 | 98 | Canada Equities | ZCM.TO vs XEI.TO | |
| BMO Money Market Fund ETF Series | 0.04 | 0.01 | — | 100 | Money Market | ZCM.TO vs ZMMK.TO | |
| TD Cash Management ETF | 0.13 | — | — | 99 | Canadian Government Bonds | ZCM.TO vs TCSH.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.13 | 0.18 | 0.10 | 98 | Dividend | ZCM.TO vs VDY.TO | |
| BMO Equal Weight Industrials Index ETF | 0.16 | 0.15 | 0.10 | 88 | Industrials Equities | ZCM.TO vs ZIN.TO |
See all 24 diversifiers for ZCM.TO
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