Looking to diversify beyond ZLI.TO? The ETFs below have the lowest correlation with ZLI.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 ZLI.TO.
Best Diversifiers for ZLI.TO
3 ETFs have low correlation with ZLI.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.09 | 0.09 | — | 100 | Money Market | ZLI.TO vs ZMMK.TO | |
| CI Morningstar International Momentum Index ETF Co... | 0.22 | 0.22 | 0.28 | 71 | Momentum, Foreign Large Cap Equities | ZLI.TO vs ZXM.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.29 | 0.24 | 0.34 | 74 | Nasdaq-100 | ZLI.TO vs ZNQ.TO | |
| BMO NASDAQ 100 Equity (CAD Hedged) | 0.30 | 0.25 | 0.32 | 67 | Nasdaq-100 | ZLI.TO vs ZQQ.TO | |
| BMO Equal Weight Banks Index ETF | 0.34 | 0.37 | 0.36 | 96 | Financials Equities | ZLI.TO vs ZEB.TO |
See all 14 diversifiers for ZLI.TO
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