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
1 ETFs have low correlation with ZUD.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Tactical Dividend ETF Fund (ZZZD.TO) (Dividend) with a 1Y correlation of 0.24, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Tactical Dividend ETF Fund | 0.24 | 0.16 | 0.25 | 80 | Dividend | ZUD.TO vs ZZZD.TO | |
| Dynamic Active U.S. Dividend ETF | 0.41 | 0.38 | 0.41 | 74 | Dividend | ZUD.TO vs DXU.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.43 | 0.42 | 0.42 | 76 | Nasdaq-100 | ZUD.TO vs ZNQ.TO | |
| BMO Equal Weight Banks Index ETF | 0.52 | 0.50 | 0.54 | 98 | Financials Equities, Equal Weight | ZUD.TO vs ZEB.TO | |
| Vanguard FTSE Canadian High Dividend Yield Index E... | 0.52 | 0.53 | 0.56 | 98 | Dividend | ZUD.TO vs VDY.TO |
See all 10 diversifiers for ZUD.TO
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