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BMO Monthly Income ETF (ZMI.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The BMO Monthly Income ETF aims to provide monthly cash distributions and potential modest long-term capital appreciation by investing in BMO ETFs that offer exposure to a diversified portfolio of income-generating assets, including common equities, preferred shares, fixed income securities, and trust units.

Looking to diversify beyond ZMI.TO? The ETFs below have the lowest correlation with ZMI.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 ZMI.TO.

Best Diversifiers for ZMI.TO

3 ETFs have low correlation with ZMI.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GRO.TO
Franklin Growth ETF Portfolio0.03——
90
Diversified PortfolioZMI.TO vs GRO.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.090.03—
100
Money MarketZMI.TO vs ZMMK.TO
GCNS.TO
iShares ESG Conservative Balanced ETF Portfolio0.240.280.31
52
Diversified PortfolioZMI.TO vs GCNS.TO
CEQT.TO
CI Equity Asset Allocation ETF0.390.27—
90
Diversified PortfolioZMI.TO vs CEQT.TO
ZIN.TO
BMO Equal Weight Industrials Index ETF0.450.440.46
88
Industrials EquitiesZMI.TO vs ZIN.TO
See all 47 diversifiers for ZMI.TO

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Diversification Analysis

Build a portfolio that complements ZMI.TO

Add ZMI.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with ZMI.TO