Looking to diversify beyond ZMBS.TO? The ETFs below have the lowest correlation with ZMBS.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 ZMBS.TO.
Best Diversifiers for ZMBS.TO
8 ETFs have low correlation with ZMBS.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 0.04, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.04 | 0.04 | — | 99 | Money Market | ZMBS.TO vs ZMMK.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.10 | 0.03 | 0.03 | 63 | Nasdaq-100 | ZMBS.TO vs ZNQ.TO | |
| BMO S&P 500 Index ETF | 0.13 | 0.04 | 0.04 | 78 | S&P 500 | ZMBS.TO vs ZSP.TO | |
| BMO All-Equity ETF | 0.13 | 0.07 | — | 84 | Global Equities | ZMBS.TO vs ZEQT.TO | |
| BMO Canadian Dividend ETF | 0.15 | 0.08 | 0.05 | 98 | Canada Equities | ZMBS.TO vs ZDV.TO |
See all 8 diversifiers for ZMBS.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ZMBS.TO
Add ZMBS.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZMBS.TO