Looking to diversify beyond ZJK.TO? The ETFs below have the lowest correlation with ZJK.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 ZJK.TO.
Best Diversifiers for ZJK.TO
5 ETFs have low correlation with ZJK.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 -0.01, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.01 | -0.02 | — | 99 | Money Market | ZJK.TO vs ZMMK.TO | |
| Dynamic Active Crossover Bond ETF | 0.25 | 0.24 | 0.21 | 61 | Corporate Bonds, High Yield Bonds | ZJK.TO vs DXO.TO | |
| BMO Canadian Dividend ETF | 0.26 | 0.25 | 0.15 | 98 | Canada Equities | ZJK.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.27 | 0.26 | 0.17 | 98 | Financials Equities, Equal Weight | ZJK.TO vs ZEB.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.30 | 0.27 | 0.24 | 55 | Canada Equities | ZJK.TO vs ZLB.TO |
See all 10 diversifiers for ZJK.TO
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