Looking to diversify beyond ZUP.TO? The ETFs below have historically moved differently from ZUP.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ZUP.TO
20 ETFs have low correlation with ZUP.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Desjardins Canadian Preferred Share Index ETF (DCP.TO) (Preferred Stock) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Desjardins Canadian Preferred Share Index ETF | -0.06 | 0.00 | 0.04 | 87 | Preferred Stock | ZUP.TO vs DCP.TO | |
| CI Preferred Share ETF | -0.02 | 0.06 | 0.07 | 86 | Preferred Stock | ZUP.TO vs FPR.TO | |
| Lysander-Slater Preferred Share ActivETF | -0.02 | 0.07 | 0.08 | 88 | Preferred Stock, Actively Managed | ZUP.TO vs PR.TO | |
| Dynamic Active Preferred Shares ETF | 0.00 | 0.06 | 0.08 | 96 | Preferred Stock | ZUP.TO vs DXP.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.02 | 0.06 | — | 72 | Preferred Stock | ZUP.TO vs SPLT.TO |
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