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BMO Equal Weight Industrials Index ETF (ZIN.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The BMO Equal Weight Industrials Index ETF seeks to replicate the performance of the Solactive Equal Weight Canada Industrials Index by investing in Canadian industrials companies, providing equal exposure to each constituent.

Looking to diversify beyond ZIN.TO? The ETFs below have the lowest correlation with ZIN.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 ZIN.TO.

Best Diversifiers for ZIN.TO

3 ETFs have low correlation with ZIN.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.09, roughly unchanged from 0.03 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.090.03—
100
Money MarketZIN.TO vs ZMMK.TO
ZUT.TO
BMO Equal Weight Utilities Index ETF0.180.280.26
65
Utilities EquitiesZIN.TO vs ZUT.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.280.410.45
98
Canada EquitiesZIN.TO vs XEI.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.330.370.39
54
Canada EquitiesZIN.TO vs ZLB.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF0.360.300.33
74
Nasdaq-100ZIN.TO vs ZNQ.TO
See all 21 diversifiers for ZIN.TO

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Diversification Analysis

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