Looking to diversify beyond ZGLD.TO? The ETFs below have the lowest correlation with ZGLD.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 ZGLD.TO.
Best Diversifiers for ZGLD.TO
32 ETFs have low correlation with ZGLD.TO (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Evolve US High Interest Savings Account Fund | -0.18 | — | — | 99 | Money Market | ZGLD.TO vs HISU-U.TO | |
| Purpose Cash Management Fund | -0.10 | — | — | 100 | Money Market | ZGLD.TO vs MNY.TO | |
| Global X High Interest Savings ETF | -0.05 | — | — | 100 | Money Market | ZGLD.TO vs CASH.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.03 | — | — | 85 | Oil & Gas, Derivative Income | ZGLD.TO vs ENCL.TO | |
| iShares S&P/TSX Capped Energy Index ETF | 0.05 | — | — | 86 | Energy Equities | ZGLD.TO vs XEG.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZGLD.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZGLD.TO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loblaw Companies Limited | -0.01 | — | — | 54 | Consumer Defensive | |
| Canadian Natural Resources Limited | -0.00 | — | — | 86 | Energy | |
| Pembina Pipeline Corporation | 0.03 | — | — | 83 | Energy | |
| Brookfield Corporation | 0.05 | — | — | 55 | Financial Services | |
| Royal Bank of Canada | 0.06 | — | — | 97 | Financial Services |
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Build a portfolio that complements ZGLD.TO
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