Looking to diversify beyond ZSU.TO? The ETFs below have the lowest correlation with ZSU.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 ZSU.TO.
Best Diversifiers for ZSU.TO
5 ETFs have low correlation with ZSU.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) (Nasdaq-100) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity Index ETF | 0.08 | 0.05 | 0.06 | 76 | Nasdaq-100 | ZSU.TO vs ZNQ.TO | |
| BMO Canadian Dividend ETF | 0.12 | 0.16 | 0.13 | 97 | Canada Equities | ZSU.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.13 | 0.14 | 0.10 | 98 | Financials Equities, Equal Weight | ZSU.TO vs ZEB.TO | |
| BMO S&P 500 Index ETF | 0.14 | 0.12 | 0.09 | 79 | S&P 500 | ZSU.TO vs ZSP.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.23 | 0.17 | 0.14 | 86 | Canada Equities | ZSU.TO vs ZCN.TO |
See all 6 diversifiers for ZSU.TO
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