Looking to diversify beyond ZFS.TO? The ETFs below have the lowest correlation with ZFS.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 ZFS.TO.
Best Diversifiers for ZFS.TO
5 ETFs have low correlation with ZFS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Canadian Dividend ETF (ZDV.TO) (Canada Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Canadian Dividend ETF | 0.17 | 0.20 | 0.12 | 97 | Canada Equities | ZFS.TO vs ZDV.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.18 | 0.07 | 0.08 | 76 | Nasdaq-100 | ZFS.TO vs ZNQ.TO | |
| BMO Equal Weight Banks Index ETF | 0.22 | 0.16 | 0.06 | 98 | Financials Equities, Equal Weight | ZFS.TO vs ZEB.TO | |
| BMO S&P 500 Index ETF | 0.24 | 0.12 | 0.09 | 79 | S&P 500 | ZFS.TO vs ZSP.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.28 | 0.21 | 0.13 | 86 | Canada Equities | ZFS.TO vs ZCN.TO |
Diversification Analysis
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