Looking to diversify beyond ZJG.TO? The ETFs below have the lowest correlation with ZJG.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 ZJG.TO.
Best Diversifiers for ZJG.TO
12 ETFs have low correlation with ZJG.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.04, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P/TSX Capped Energy Index ETF | -0.04 | 0.05 | 0.13 | 89 | Energy Equities | ZJG.TO vs XEG.TO | |
| BMO Money Market Fund ETF Series | 0.05 | -0.04 | -0.03 | 100 | Money Market | ZJG.TO vs ZMMK.TO | |
| Purpose Global Bond Fund | 0.17 | 0.15 | 0.12 | 57 | ZJG.TO vs BND.TO | ||
| BMO S&P 500 Index ETF | 0.18 | 0.09 | 0.06 | 77 | S&P 500 | ZJG.TO vs ZSP.TO | |
| TD Global Technology Leaders Index ETF | 0.19 | 0.07 | 0.06 | 60 | Technology Equities | ZJG.TO vs TEC.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZJG.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZJG.TO and solid risk/return profiles. The least correlated is K92 Mining Inc. (KNT.TO) (Basic Materials) with a 1Y correlation of 0.83, up from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| K92 Mining Inc. | 0.83 | 0.65 | 0.66 | 71 | Basic Materials |
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