Looking to diversify beyond ZGI.TO? The ETFs below have the lowest correlation with ZGI.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 ZGI.TO.
Best Diversifiers for ZGI.TO
18 ETFs have low correlation with ZGI.TO (below 0.3), 5 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) (Nasdaq-100) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity (CAD Hedged) | -0.20 | -0.01 | 0.15 | 67 | Nasdaq-100 | ZGI.TO vs ZQQ.TO | |
| BMO NASDAQ 100 Equity Index ETF | -0.15 | 0.00 | 0.14 | 74 | Nasdaq-100 | ZGI.TO vs ZNQ.TO | |
| Purpose Global Bond Fund | -0.06 | 0.11 | 0.14 | 55 | ZGI.TO vs BND.TO | ||
| BMO Money Market Fund ETF Series | -0.02 | -0.00 | -0.03 | 100 | Money Market | ZGI.TO vs ZMMK.TO | |
| iShares Core S&P 500 Index ETF | -0.00 | 0.18 | 0.32 | 73 | S&P 500 | ZGI.TO vs XUS.TO |
See all 23 diversifiers for ZGI.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ZGI.TO
Add ZGI.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZGI.TO