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BMO MSCI EAFE Hedged to CAD Index ETF (ZDM.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The BMO MSCI EAFE Hedged to CAD Index ETF seeks to replicate the performance of the MSCI EAFE 100% Hedged to CAD Index, providing exposure to large and mid-capitalization companies in developed markets outside the U.S. and Canada, with currency exposure hedged to the Canadian dollar.

Looking to diversify beyond ZDM.TO? The ETFs below have the lowest correlation with ZDM.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 ZDM.TO.

Best Diversifiers for ZDM.TO

1 ETFs have low correlation with ZDM.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 0.19, up from 0.07 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.190.07—
100
Money MarketZDM.TO vs ZMMK.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.360.370.32
67
International EquityZDM.TO vs QDXH.TO
KNGX.TO
Brompton International Cash Flow Kings ETF0.41——
89
International EquityZDM.TO vs KNGX.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF0.450.460.44
82
Momentum, Canada EquitiesZDM.TO vs FCCM.NEO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.460.540.55
62
Canada EquitiesZDM.TO vs ZLB.TO
See all 23 diversifiers for ZDM.TO

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Diversification Analysis

Build a portfolio that complements ZDM.TO

Add ZDM.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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