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
4 ETFs have low correlation with ZGQ.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Index ETF (XFR.TO) (Canadian Government Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Index ETF | 0.08 | 0.03 | 0.04 | 98 | Canadian Government Bonds | ZGQ.TO vs XFR.TO | |
| BMO Money Market Fund ETF Series | 0.09 | 0.06 | — | 100 | Money Market | ZGQ.TO vs ZMMK.TO | |
| Global X Cash Maximizer Corporate Class ETF | 0.15 | 0.06 | 0.04 | 66 | Bank Loan | ZGQ.TO vs HSAV.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.22 | 0.33 | 0.38 | 98 | Canada Equities | ZGQ.TO vs XEI.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.40 | 0.46 | 0.49 | 54 | Canada Equities | ZGQ.TO vs ZLB.TO |
See all 48 diversifiers for ZGQ.TO
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Diversification Analysis
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