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BMO Short-Term Discount Bond ETF (ZSDB.TO) Diversifiers

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

BMO Short-Term Discount Bond ETF provides exposure to Canadian investment grade short-term bonds with a term to maturity between one and five years, primarily investing in government and corporate bonds trading near or below par value.

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

Best Diversifiers for ZSDB.TO

8 ETFs have low correlation with ZSDB.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 0.09, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.090.060.05
100
Money MarketZSDB.TO vs ZMMK.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF0.140.06—
99
Canadian Government BondsZSDB.TO vs CBIL.TO
ZDV.TO
BMO Canadian Dividend ETF0.200.18—
85
Canada EquitiesZSDB.TO vs ZDV.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF0.230.09—
74
Nasdaq-100ZSDB.TO vs ZNQ.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.250.16—
96
Financials EquitiesZSDB.TO vs ZEB.TO
See all 13 diversifiers for ZSDB.TO

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Diversification Analysis

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