Looking to diversify beyond ZFH.TO? The ETFs below have the lowest correlation with ZFH.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 ZFH.TO.
Best Diversifiers for ZFH.TO
45 ETFs have low correlation with ZFH.TO (below 0.3), 12 of which are negatively correlated. The least correlated is iShares Floating Rate Bond ETF (FLOT) (Ultrashort Bond) with a 1Y correlation of -0.20, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | -0.20 | -0.14 | -0.08 | 99 | Ultrashort Bond, Corporate Bonds | ZFH.TO vs FLOT | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.16 | -0.03 | 0.08 | 96 | High Yield Bonds | ZFH.TO vs BSJQ | |
| Pacific Global Senior Loan ETF | -0.16 | -0.11 | -0.05 | 87 | High Yield Bonds | ZFH.TO vs FLRT | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.14 | -0.02 | 0.10 | 89 | High Yield Bonds | ZFH.TO vs IBHG | |
| BMO AAA CLO ETF | -0.11 | — | — | 64 | CLO | ZFH.TO vs ZAAA.NEO |
See all 45 diversifiers for ZFH.TO
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Diversification Analysis
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