Looking to diversify beyond ZTL.NEO? The ETFs below have the lowest correlation with ZTL.NEO — 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 ZTL.NEO.
Best Diversifiers for ZTL.NEO
8 ETFs have low correlation with ZTL.NEO (below 0.3), 2 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | -0.02 | 0.00 | -0.01 | 100 | Money Market | ZTL.NEO vs ZMMK.TO | |
| BMO NASDAQ 100 Equity (CAD Hedged) | -0.00 | 0.03 | -0.05 | 68 | Nasdaq-100 | ZTL.NEO vs ZQQ.TO | |
| BMO S&P/TSX Capped Composite Index ETF | 0.01 | 0.07 | -0.09 | 85 | Canada Equities | ZTL.NEO vs ZCN.TO | |
| BMO Equal Weight Banks Index ETF | 0.02 | 0.08 | -0.11 | 96 | Financials Equities | ZTL.NEO vs ZEB.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.08 | 0.09 | 0.02 | 75 | Nasdaq-100 | ZTL.NEO vs ZNQ.TO |
See all 8 diversifiers for ZTL.NEO
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