Looking to diversify beyond ZLC.TO? The ETFs below have the lowest correlation with ZLC.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 ZLC.TO.
Best Diversifiers for ZLC.TO
6 ETFs have low correlation with ZLC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Laddered Preferred Share Index ETF (ZPR.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Laddered Preferred Share Index ETF | 0.10 | 0.09 | 0.07 | 97 | Preferred Stock/Convertible Bonds | ZLC.TO vs ZPR.TO | |
| BMO Money Market Fund ETF Series | 0.10 | 0.06 | 0.03 | 99 | Money Market | ZLC.TO vs ZMMK.TO | |
| BMO Canadian Dividend ETF | 0.18 | 0.27 | 0.17 | 97 | Canada Equities | ZLC.TO vs ZDV.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.27 | 0.29 | 0.18 | 86 | Canada Equities | ZLC.TO vs ZCN.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.28 | 0.19 | 0.16 | 76 | Nasdaq-100 | ZLC.TO vs ZNQ.TO |
See all 9 diversifiers for ZLC.TO
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