Looking to diversify beyond ZFL.TO? The ETFs below have the lowest correlation with ZFL.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 ZFL.TO.
Best Diversifiers for ZFL.TO
19 ETFs have low correlation with ZFL.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.00 | 0.03 | — | 99 | Canadian Government Bonds | ZFL.TO vs CBIL.TO | |
| Purpose Diversified Real Asset Fund | 0.04 | 0.07 | 0.03 | 94 | ZFL.TO vs PRA.TO | ||
| TD Cash Management ETF | 0.05 | — | — | 99 | Canadian Government Bonds | ZFL.TO vs TCSH.TO | |
| BMO Money Market Fund ETF Series | 0.07 | 0.04 | — | 100 | Money Market | ZFL.TO vs ZMMK.TO | |
| iShares Floating Rate Index ETF | 0.10 | 0.02 | 0.00 | 98 | Canadian Government Bonds | ZFL.TO vs XFR.TO |
See all 25 diversifiers for ZFL.TO
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