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

ETF · Currency in CAD · Last updated Jul 14, 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

36 ETFs have low correlation with ZPR.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Brompton Split Corp. Preferred Share ETF (SPLT.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.02, down from 0.13 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SPLT.TO
Brompton Split Corp. Preferred Share ETF0.020.13—
66
Preferred Stock/Convertible BondsZPR.TO vs SPLT.TO
CMR.TO
iShares Premium Money Market ETF0.030.070.02
100
Money MarketZPR.TO vs CMR.TO
CASH.TO
Global X High Interest Savings ETF0.090.07—
100
Money MarketZPR.TO vs CASH.TO
HYBR.TO
Global X Active Hybrid Bond and Preferred Share ET...0.100.180.25
90
Preferred Stock/Convertible BondsZPR.TO vs HYBR.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.110.220.29
98
Canada EquitiesZPR.TO vs XEI.TO
See all 43 diversifiers for ZPR.TO

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Diversification Analysis

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