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BMO Equal Weight REITs Index ETF (ZRE.TO) Diversifiers

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

The ETF aims to replicate the Solactive Equal Weight Canada REIT Index's performance by investing in Canadian real estate investment trusts in the same proportion as the index. The index includes Canadian securities in the Real Estate Investment Trust sector with fixed-weight allocations and specific trading volume and listing criteria.

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

Best Diversifiers for ZRE.TO

13 ETFs have low correlation with ZRE.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Ninepoint Energy ETF (NNRG.NEO) (Energy Equities) with a 1Y correlation of -0.14, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NNRG.NEO
Ninepoint Energy ETF-0.140.110.19
79
Energy EquitiesZRE.TO vs NNRG.NEO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.090.110.19
86
Energy EquitiesZRE.TO vs XEG.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF-0.040.170.24
86
Energy EquitiesZRE.TO vs ZEO.TO
MNY.TO
Purpose Cash Management Fund0.030.02—
100
Money MarketZRE.TO vs MNY.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.050.03—
100
Money MarketZRE.TO vs ZMMK.TO
See all 42 diversifiers for ZRE.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from ZRE.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZRE.TO and solid risk/return profiles. The least correlated is Brookfield Infrastructure Partners L.P (BIP-UN.TO) (Utilities) with a 1Y correlation of 0.18, down from 0.38 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BIP-UN.TO
Brookfield Infrastructure Partners L.P0.180.430.38
76
Utilities
CHP-UN.TO
Choice Properties Real Estate Investment Trust0.720.750.75
66
Real Estate
REI-UN.TO
RioCan Real Estate Investment Trust0.800.830.83
91
Real Estate

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Diversification Analysis

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