Looking to diversify beyond ZCS.TO? The ETFs below have the lowest correlation with ZCS.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 ZCS.TO.
Best Diversifiers for ZCS.TO
25 ETFs have low correlation with ZCS.TO (below 0.3), 3 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.24, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.24 | -0.13 | -0.09 | 89 | Energy Equities | ZCS.TO vs XEG.TO | |
| iShares Premium Money Market ETF | -0.08 | -0.02 | 0.03 | 99 | Money Market | ZCS.TO vs CMR.TO | |
| Purpose Cash Management Fund | -0.05 | 0.07 | — | 100 | Money Market | ZCS.TO vs MNY.TO | |
| Global X High Interest Savings ETF | 0.00 | 0.11 | 0.09 | 100 | Money Market | ZCS.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.02 | 0.09 | — | 99 | Canadian Government Bonds | ZCS.TO vs CBIL.TO |
See all 36 diversifiers for ZCS.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ZCS.TO
Add ZCS.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZCS.TO