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

ETF · Currency in CAD · Last updated Aug 4, 2026
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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 historically moved differently from ZPR.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for ZPR.TO

39 ETFs have low correlation with ZPR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Premium Money Market ETF (CMR.TO) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CMR.TO
iShares Premium Money Market ETF0.010.070.02
100
Money MarketZPR.TO vs CMR.TO
SPLT.TO
Brompton Split Corp. Preferred Share ETF0.030.14—
72
Preferred StockZPR.TO vs SPLT.TO
CASH.TO
Global X High Interest Savings ETF0.060.07—
100
Money MarketZPR.TO vs CASH.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.110.230.29
98
Canada EquitiesZPR.TO vs XEI.TO
PR.TO
Lysander-Slater Preferred Share ActivETF0.110.270.34
88
Preferred Stock, Actively ManagedZPR.TO vs PR.TO
See all 45 diversifiers for ZPR.TO

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for ZPR.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.02, down from 0.16 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ENB.TO
Enbridge Inc.-0.020.080.16
87
Energy

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Diversification Analysis

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