Looking to diversify beyond ZSP-U.TO? The ETFs below have the lowest correlation with ZSP-U.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 ZSP-U.TO.
Best Diversifiers for ZSP-U.TO
1 ETFs have low correlation with ZSP-U.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 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.09 | 0.03 | 0.02 | 100 | Money Market | ZSP-U.TO vs ZMMK.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.33 | 0.42 | 0.49 | 62 | Canada Equities | ZSP-U.TO vs ZLB.TO | |
| Global X Enhanced S&P 500 Index ETF | 0.36 | — | — | 82 | Leveraged Equities, S&P 500 | ZSP-U.TO vs USSL.TO | |
| BMO Canadian Dividend ETF | 0.48 | 0.55 | 0.63 | 89 | Canada Equities | ZSP-U.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.62 | 0.58 | 0.64 | 96 | Financials Equities | ZSP-U.TO vs ZEB.TO |
See all 24 diversifiers for ZSP-U.TO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ZSP-U.TO
Add ZSP-U.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZSP-U.TO