Looking to diversify beyond ZFC.TO? The ETFs below have historically moved differently from ZFC.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ZFC.TO
23 ETFs have low correlation with ZFC.TO (below 0.3), 0 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 0.02, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | 0.02 | 0.12 | 0.23 | 89 | Energy Equities, Canada Equities | ZFC.TO vs XEG.TO | |
| TD Q Canadian Low Volatility ETF | 0.06 | 0.24 | 0.25 | 86 | Canada Equities, Low Volatility | ZFC.TO vs TCLV.TO | |
| Fidelity Canadian Monthly High Income ETF | 0.11 | 0.11 | 0.11 | 95 | Canada Equities, Derivative Income | ZFC.TO vs FCMI.TO | |
| Fidelity Canadian Momentum ETF | 0.16 | 0.25 | 0.26 | 88 | Momentum, Canada Equities | ZFC.TO vs FCCM.NEO | |
| Invesco S&P/TSX Composite Low Volatility Index ETF | 0.16 | 0.28 | 0.28 | 97 | Canada Equities, Low Volatility | ZFC.TO vs TLV.TO |
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