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

ETF · Currency in CAD · Last updated Jun 24, 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 0.15, roughly unchanged from 0.05 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.150.05—
99
Money MarketZIN.TO vs ZMMK.TO
ZUT.TO
BMO Equal Weight Utilities Index ETF0.170.270.25
74
Utilities Equities, Equal WeightZIN.TO vs ZUT.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.300.390.44
97
Canada EquitiesZIN.TO vs XEI.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF0.380.300.33
67
Nasdaq-100ZIN.TO vs ZNQ.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF0.380.330.33
70
Dividend, Large Cap Blend EquitiesZIN.TO vs VGG.TO
See all 22 diversifiers for ZIN.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ZIN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZIN.TO and solid risk/return profiles. The least correlated is CT Real Estate Investment Trust (CRT-UN.TO) (Real Estate) with a 1Y correlation of 0.13, down from 0.30 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CRT-UN.TO
CT Real Estate Investment Trust0.130.230.30
83
Real Estate

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Diversification Analysis

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