Looking to diversify beyond ZCOM.NEO? The ETFs below have the lowest correlation with ZCOM.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 ZCOM.NEO.
Best Diversifiers for ZCOM.NEO
4 ETFs have low correlation with ZCOM.NEO (below 0.3), 2 of which are negatively correlated. The least correlated is BMO Low Volatility Canadian Equity ETF (ZLB.TO) (Canada Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Low Volatility Canadian Equity ETF | -0.13 | -0.13 | -0.13 | 51 | Canada Equities | ZCOM.NEO vs ZLB.TO | |
| BMO S&P 500 Index ETF | -0.03 | -0.03 | -0.03 | 73 | S&P 500 | ZCOM.NEO vs ZSP.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.02 | 0.02 | 0.02 | 83 | Canada Equities | ZCOM.NEO vs ZCN.TO | |
| BMO Canadian Dividend ETF | 0.14 | 0.14 | 0.14 | 97 | Canada Equities | ZCOM.NEO vs ZDV.TO |
Diversification Analysis
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