Looking to diversify beyond ZVC.TO? The ETFs below have historically moved differently from ZVC.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 ZVC.TO
2 ETFs have low correlation with ZVC.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 0.13, roughly unchanged from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.13 | 0.06 | — | 99 | Money Market | ZVC.TO vs ZMMK.TO | |
| Invesco RAFI U.S. Index ETF II CAD | 0.28 | 0.37 | 0.39 | 95 | Large Cap Value Equities | ZVC.TO vs PXS.TO | |
| BMO MSCI Emerging Markets Index ETF | 0.38 | 0.40 | 0.34 | 63 | Emerging Markets Equities | ZVC.TO vs ZEM.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.39 | 0.33 | 0.31 | 50 | Nasdaq-100 | ZVC.TO vs ZNQ.TO | |
| BMO MSCI USA Value ETF | 0.40 | 0.39 | 0.38 | 97 | Large Cap Value Equities | ZVC.TO vs ZVU.TO |
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