Looking to diversify beyond ZUD.TO? The ETFs below have the lowest correlation with ZUD.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 ZUD.TO.
Best Diversifiers for ZUD.TO
5 ETFs have low correlation with ZUD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.08 | 0.06 | — | 99 | Money Market | ZUD.TO vs ZMMK.TO | |
| Evolve Active Canadian Preferred Share Fund | 0.09 | 0.10 | 0.13 | 94 | Actively Managed, Preferred Stock | ZUD.TO vs DIVS.TO | |
| Harvest Eli Lilly High Income Shares ETF Class A U... | 0.19 | — | — | 57 | Dividend | ZUD.TO vs LLYH.TO | |
| Brompton North American Low Volatility Dividend ET... | 0.20 | 0.20 | 0.25 | 87 | Dividend, Low Volatility | ZUD.TO vs BLOV.TO | |
| BMO Tactical Dividend ETF Fund | 0.25 | 0.16 | 0.25 | 87 | Dividend | ZUD.TO vs ZZZD.TO |
See all 28 diversifiers for ZUD.TO
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