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BMO S&P/TSX 60 Index ETF (ZIU.TO) Diversifiers

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

The ETF aims to replicate, as closely as possible, the performance of the S&P/TSX 60 Index, which measures the large-cap segment of the Canadian equity market by investing in its constituent securities according to their representation in the index.

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

Best Diversifiers for ZIU.TO

3 ETFs have low correlation with ZIU.TO (below 0.3), 1 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.03——
86
Energy EquitiesZIU.TO vs XEG.TO
CASH.TO
Global X High Interest Savings ETF0.03——
100
Money MarketZIU.TO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.120.07—
100
Money MarketZIU.TO vs ZMMK.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...0.380.480.48
98
Canada EquitiesZIU.TO vs HXH.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.410.460.46
92
Canada EquitiesZIU.TO vs TLV.TO
See all 48 diversifiers for ZIU.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ZIU.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZIU.TO and solid risk/return profiles. The least correlated is Canadian General Investments, Limited (CGI.TO) (Financial Services) with a 1Y correlation of 0.32, roughly unchanged from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CGI.TO
Canadian General Investments, Limited0.320.360.36
90
Financial Services
CM.TO
Canadian Imperial Bank of Commerce0.510.490.49
96
Financial Services

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Diversification Analysis

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Add ZIU.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with ZIU.TO