Looking to diversify beyond ZPH.TO? The ETFs below have the lowest correlation with ZPH.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 ZPH.TO.
Best Diversifiers for ZPH.TO
17 ETFs have low correlation with ZPH.TO (below 0.3), 6 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.16, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.16 | 0.09 | 0.19 | 93 | Derivative Income, Energy Equities | ZPH.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.16 | — | — | 93 | Energy Equities, Derivative Income | ZPH.TO vs ENCL.TO | |
| Evolve Canadian Utilities Enhanced Yield Index Fun... | -0.12 | — | — | 80 | Derivative Income | ZPH.TO vs UTES.TO | |
| Harvest Energy Leaders Income ETF Class A CAD Hedg... | -0.09 | 0.13 | 0.22 | 84 | Energy Equities, Derivative Income | ZPH.TO vs HPF.TO | |
| BMO Covered Call Utilities ETF | -0.09 | 0.12 | 0.24 | 72 | Utilities Equities, Derivative Income | ZPH.TO vs ZWU.TO |
See all 56 diversifiers for ZPH.TO
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