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
33 ETFs have low correlation with ZFH.TO (below 0.3), 10 of which are negatively correlated. The least correlated is iShares iBonds 2025 Term High Yield & Income ETF (IBHE) (High Yield Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.10 | -0.03 | -0.08 | 97 | High Yield Bonds | ZFH.TO vs IBHE | |
| iShares Floating Rate Bond ETF | -0.09 | -0.06 | -0.22 | 98 | Corporate Bonds | ZFH.TO vs FLOT | |
| Purpose Cash Management Fund | -0.06 | 0.00 | — | 100 | Money Market | ZFH.TO vs MNY.TO | |
| iShares USD Short Duration High Yield Corporate Bo... | -0.06 | 0.04 | -0.02 | 60 | High Yield Bonds | ZFH.TO vs SDHG.L | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.05 | 0.06 | -0.01 | 95 | High Yield Bonds | ZFH.TO vs BSJQ |
See all 37 diversifiers for ZFH.TO
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