Looking to diversify beyond ZLE.TO? The ETFs below have the lowest correlation with ZLE.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 ZLE.TO.
Best Diversifiers for ZLE.TO
3 ETFs have low correlation with ZLE.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Low Volatility Canadian Equity ETF (ZLB.TO) (Canada Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Low Volatility Canadian Equity ETF | 0.12 | 0.14 | 0.14 | 55 | Canada Equities | ZLE.TO vs ZLB.TO | |
| BMO Money Market Fund ETF Series | 0.16 | 0.09 | — | 99 | Money Market | ZLE.TO vs ZMMK.TO | |
| BMO Canadian Dividend ETF | 0.21 | 0.22 | 0.19 | 98 | Canada Equities | ZLE.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.35 | 0.27 | 0.24 | 98 | Financials Equities, Equal Weight | ZLE.TO vs ZEB.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.36 | 0.28 | 0.24 | 90 | Canada Equities | ZLE.TO vs ZCN.TO |
See all 17 diversifiers for ZLE.TO
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