Looking to diversify beyond ZTIP.TO? The ETFs below have the lowest correlation with ZTIP.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 ZTIP.TO.
Best Diversifiers for ZTIP.TO
11 ETFs have low correlation with ZTIP.TO (below 0.3), 8 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) (Nasdaq-100) with a 1Y correlation of -0.22, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity (CAD Hedged) | -0.22 | -0.15 | -0.16 | 67 | Nasdaq-100 | ZTIP.TO vs ZQQ.TO | |
| BMO Equal Weight Banks Index ETF | -0.18 | -0.15 | -0.16 | 96 | Financials Equities | ZTIP.TO vs ZEB.TO | |
| BMO S&P/TSX Capped Composite Index ETF | -0.15 | -0.15 | -0.18 | 80 | Canada Equities | ZTIP.TO vs ZCN.TO | |
| BMO Canadian Dividend ETF | -0.08 | -0.12 | -0.16 | 85 | Canada Equities | ZTIP.TO vs ZDV.TO | |
| BMO All-Equity ETF | -0.05 | -0.06 | — | 75 | Global Equities | ZTIP.TO vs ZEQT.TO |
See all 11 diversifiers for ZTIP.TO
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