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BMO Equal Weight US Health Care Hedged to CAD Index ETF (ZUH.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 1, 2026

The BMO Equal Weight US Health Care Hedged to CAD Index ETF seeks to replicate the performance of an equal-weight United States large-cap health care index by investing in large-cap U.S. health care companies, with U.S. dollar exposure hedged to Canadian dollars.

Looking to diversify beyond ZUH.TO? The ETFs below have the lowest correlation with ZUH.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 ZUH.TO.

Best Diversifiers for ZUH.TO

3 ETFs have low correlation with ZUH.TO (below 0.3), 1 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 -0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series-0.08-0.03-0.01
99
Money MarketZUH.TO vs ZMMK.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF0.280.340.48
76
Nasdaq-100ZUH.TO vs ZNQ.TO
XDNA.TO
iShares Genomics Immunology and Healthcare Index E...0.290.210.21
92
Health & Biotech EquitiesZUH.TO vs XDNA.TO
ZDV.TO
BMO Canadian Dividend ETF0.380.470.51
97
Canada EquitiesZUH.TO vs ZDV.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.400.440.45
98
Financials Equities, Equal WeightZUH.TO vs ZEB.TO
See all 9 diversifiers for ZUH.TO

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Diversification Analysis

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