Looking to diversify beyond ZGQ.TO? The ETFs below have the lowest correlation with ZGQ.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 ZGQ.TO.
Best Diversifiers for ZGQ.TO
6 ETFs have low correlation with ZGQ.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.00, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X High Interest Savings ETF | 0.00 | 0.07 | — | 99 | Money Market | ZGQ.TO vs CASH.TO | |
| Global X 0-3 Month T-Bill ETF | 0.03 | 0.04 | — | 99 | Canadian Government Bonds | ZGQ.TO vs CBIL.TO | |
| BMO Money Market Fund ETF Series | 0.08 | 0.07 | — | 99 | Money Market | ZGQ.TO vs ZMMK.TO | |
| iShares Floating Rate Index ETF | 0.12 | 0.04 | 0.05 | 98 | Canadian Government Bonds | ZGQ.TO vs XFR.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.18 | 0.06 | 0.04 | 68 | Money Market | ZGQ.TO vs HSAV.TO |
See all 55 diversifiers for ZGQ.TO
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