Looking to diversify beyond ZST.TO? The ETFs below have historically moved differently from ZST.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ZST.TO
59 ETFs have low correlation with ZST.TO (below 0.3), 6 of which are negatively correlated. The least correlated is Purpose High Interest Savings Fund (PSA.TO) (Money Market) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Purpose High Interest Savings Fund | -0.15 | 0.12 | 0.11 | 100 | Money Market | ZST.TO vs PSA.TO | |
| BMO AAA CLO ETF | -0.07 | — | — | 50 | CLO | ZST.TO vs ZAAA.NEO | |
| Purpose USD Cash Management ETF | -0.05 | 0.04 | — | 100 | Ultrashort Bond, Money Market | ZST.TO vs MNU-U.TO | |
| Global X 0-3 Month U.S. T-Bill ETF USD | -0.04 | 0.06 | — | 100 | Ultrashort Bond | ZST.TO vs UBIL-U.TO | |
| iShares Premium Money Market ETF | -0.01 | 0.07 | 0.09 | 100 | Money Market | ZST.TO vs CMR.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZST.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Whitecap Resources Inc. (WCP.TO) (Energy) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Whitecap Resources Inc. | -0.15 | -0.03 | -0.02 | 93 | Energy | |
| Fortis Inc. | -0.02 | 0.12 | 0.11 | 87 | Utilities | |
| CT Real Estate Investment Trust | 0.11 | 0.11 | 0.10 | 93 | Real Estate | |
| National Bank of Canada | 0.12 | 0.08 | 0.08 | 98 | Financial Services | |
| Canadian Imperial Bank of Commerce | 0.13 | 0.07 | 0.07 | 98 | Financial Services |
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