Looking to diversify beyond ZIC.TO? The ETFs below have the lowest correlation with ZIC.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 ZIC.TO.
Best Diversifiers for ZIC.TO
12 ETFs have low correlation with ZIC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.07, roughly unchanged from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.07 | -0.04 | — | 99 | Money Market | ZIC.TO vs ZMMK.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.06 | 0.04 | -0.10 | 90 | Canada Equities | ZIC.TO vs ZCN.TO | |
| BMO Canadian Dividend ETF | 0.06 | 0.05 | -0.08 | 98 | Canada Equities | ZIC.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.10 | 0.07 | -0.11 | 98 | Financials Equities, Equal Weight | ZIC.TO vs ZEB.TO | |
| CIBC Active Investment Grade Floating Rate Bond ET... | 0.10 | 0.03 | 0.04 | 94 | Corporate Bonds | ZIC.TO vs CFRN.TO |
See all 19 diversifiers for ZIC.TO
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Diversification Analysis
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