Looking to diversify beyond ZQB.TO? The ETFs below have the lowest correlation with ZQB.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 ZQB.TO.
Best Diversifiers for ZQB.TO
7 ETFs have low correlation with ZQB.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) (Nasdaq-100) with a 1Y correlation of 0.18, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity Index ETF | 0.18 | 0.07 | 0.06 | 76 | Nasdaq-100 | ZQB.TO vs ZNQ.TO | |
| BMO Canadian Dividend ETF | 0.19 | 0.19 | 0.12 | 97 | Canada Equities | ZQB.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.23 | 0.16 | 0.10 | 98 | Financials Equities, Equal Weight | ZQB.TO vs ZEB.TO | |
| BMO S&P 500 Index ETF | 0.23 | 0.12 | 0.08 | 79 | S&P 500 | ZQB.TO vs ZSP.TO | |
| BMO All-Equity ETF | 0.25 | 0.18 | — | 83 | Global Equities | ZQB.TO vs ZEQT.TO |
See all 10 diversifiers for ZQB.TO
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