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BMO S&P US Small Cap Index ETF (ZSML.TO) Diversifiers

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

The BMO S&P US Small Cap Index ETF aims to replicate the performance of the S&P SmallCap 600® Index, net of expenses, by investing in the constituent securities of the index in the same proportions.

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

Best Diversifiers for ZSML.TO

2 ETFs have low correlation with ZSML.TO (below 0.3), 1 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series-0.030.010.03
100
Money MarketZSML.TO vs ZMMK.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.290.360.34
54
Canada EquitiesZSML.TO vs ZLB.TO
ZDV.TO
BMO Canadian Dividend ETF0.390.460.43
85
Canada EquitiesZSML.TO vs ZDV.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF0.480.520.47
80
Canada EquitiesZSML.TO vs ZCN.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETF0.480.520.47
77
Canada EquitiesZSML.TO vs VCN.TO
See all 15 diversifiers for ZSML.TO

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Diversification Analysis

Build a portfolio that complements ZSML.TO

Add ZSML.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with ZSML.TO