Looking to diversify beyond ZHU.TO? The ETFs below have the lowest correlation with ZHU.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 ZHU.TO.
Best Diversifiers for ZHU.TO
1 ETFs have low correlation with ZHU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) (S&P 500) with a 1Y correlation of 0.16, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 Index ETF (CAD-Hedged) | 0.16 | 0.22 | 0.30 | 61 | S&P 500 | ZHU.TO vs XSP.TO |
Diversification Analysis
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