Looking to diversify beyond ZLD.TO? The ETFs below have the lowest correlation with ZLD.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 ZLD.TO.
Best Diversifiers for ZLD.TO
0 ETFs have low correlation with ZLD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Equal Weight Banks Index ETF (ZEB.TO) (Financials Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Equal Weight Banks Index ETF | 0.32 | 0.31 | 0.32 | 98 | Financials Equities, Equal Weight | ZLD.TO vs ZEB.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.32 | 0.34 | 0.35 | 86 | Canada Equities | ZLD.TO vs ZCN.TO | |
| BMO Canadian Dividend ETF | 0.35 | 0.36 | 0.35 | 97 | Canada Equities | ZLD.TO vs ZDV.TO | |
| RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF | 0.37 | 0.36 | 0.36 | 90 | Foreign Large Cap Equities | ZLD.TO vs RIDH.TO |
Diversification Analysis
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