Looking to diversify beyond ZPS.TO? The ETFs below have the lowest correlation with ZPS.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 ZPS.TO.
Best Diversifiers for ZPS.TO
5 ETFs have low correlation with ZPS.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.02, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.02 | -0.02 | — | 99 | Money Market | ZPS.TO vs ZMMK.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed... | 0.20 | — | — | 83 | Government Bonds, Derivative Income | ZPS.TO vs HBIL-U.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.21 | 0.07 | 0.08 | 63 | Nasdaq-100 | ZPS.TO vs ZNQ.TO | |
| BMO Canadian Dividend ETF | 0.26 | 0.21 | 0.14 | 98 | Canada Equities | ZPS.TO vs ZDV.TO | |
| BMO S&P 500 Index ETF | 0.27 | 0.12 | 0.09 | 78 | S&P 500 | ZPS.TO vs ZSP.TO |
See all 9 diversifiers for ZPS.TO
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