Looking to diversify beyond ZDH.TO? The ETFs below have the lowest correlation with ZDH.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 ZDH.TO.
Best Diversifiers for ZDH.TO
1 ETFs have low correlation with ZDH.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 0.15, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.15 | 0.06 | 0.05 | 100 | Money Market | ZDH.TO vs ZMMK.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.42 | 0.49 | 0.49 | 54 | Canada Equities | ZDH.TO vs ZLB.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.46 | 0.45 | 0.45 | 74 | Nasdaq-100 | ZDH.TO vs ZNQ.TO | |
| BMO NASDAQ 100 Equity (CAD Hedged) | 0.51 | 0.51 | 0.51 | 67 | Nasdaq-100 | ZDH.TO vs ZQQ.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.51 | 0.58 | 0.59 | 80 | Canada Equities | ZDH.TO vs ZCN.TO |
See all 9 diversifiers for ZDH.TO
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