Looking to diversify beyond ZUAG.TO? The ETFs below have the lowest correlation with ZUAG.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 ZUAG.TO.
Best Diversifiers for ZUAG.TO
11 ETFs have low correlation with ZUAG.TO (below 0.3), 4 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) (Nasdaq-100) with a 1Y correlation of -0.05, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity (CAD Hedged) | -0.05 | -0.03 | — | 68 | Nasdaq-100 | ZUAG.TO vs ZQQ.TO | |
| BMO S&P/TSX Capped Composite Index ETF | -0.03 | 0.01 | -0.02 | 85 | Canada Equities | ZUAG.TO vs ZCN.TO | |
| BMO All-Equity ETF | -0.02 | 0.01 | -0.00 | 80 | Global Equities | ZUAG.TO vs ZEQT.TO | |
| BMO Money Market Fund ETF Series | -0.01 | 0.02 | — | 100 | Money Market | ZUAG.TO vs ZMMK.TO | |
| BMO Short Corporate Bond Index ETF | 0.02 | 0.12 | 0.11 | 56 | Canadian Government Bonds | ZUAG.TO vs ZCS.TO |
See all 11 diversifiers for ZUAG.TO
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Diversification Analysis
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