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BMO Laddered Preferred Share Index ETF (ZPR.TO) Diversifiers

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

The BMO Laddered Preferred Share Index ETF seeks to replicate the performance of the Solactive Laddered Canadian Preferred Share Index by investing in a diversified portfolio of Canadian preferred shares, aiming to provide investors with exposure to the Canadian preferred share market.

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

Best Diversifiers for ZPR.TO

24 ETFs have low correlation with ZPR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of 0.05, roughly unchanged from 0.07 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF0.050.07—
100
Money MarketZPR.TO vs CASH.TO
CMR.TO
iShares Premium Money Market ETF0.050.050.02
99
Money MarketZPR.TO vs CMR.TO
SPLT.TO
Brompton Split Corp. Preferred Share ETF0.06——
54
Preferred Stock/Convertible BondsZPR.TO vs SPLT.TO
ZBI.TO
BMO Canadian Bank Income Index ETF0.100.10—
85
Canadian Government BondsZPR.TO vs ZBI.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.120.240.30
98
Canada EquitiesZPR.TO vs XEI.TO
See all 32 diversifiers for ZPR.TO

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Diversification Analysis

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