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
2 ETFs have low correlation with ZPH.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Covered Call Utilities ETF (ZWU.TO) (Utilities Equities) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Covered Call Utilities ETF | -0.10 | 0.12 | 0.25 | 67 | Utilities Equities, Derivative Income | ZPH.TO vs ZWU.TO | |
| BMO Canadian Dividend ETF | 0.26 | 0.39 | 0.47 | 97 | Canada Equities | ZPH.TO vs ZDV.TO | |
| BMO CA High Dividend Covered Call ETF | 0.31 | 0.39 | 0.48 | 94 | Derivative Income | ZPH.TO vs ZWC.TO | |
| Global X Enhanced MSCI Emerging Markets Covered Ca... | 0.35 | — | — | 83 | Derivative Income | ZPH.TO vs EMCL.NEO | |
| BMO Covered Call Canadian Banks ETF | 0.39 | 0.41 | 0.49 | 97 | Financials Equities, Derivative Income, Options Trading | ZPH.TO vs ZWB.TO |
See all 12 diversifiers for ZPH.TO
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