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BMO MSCI Canada Value Index ETF (ZVC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 24, 2026

The ETF seeks to replicate the performance of the MSCI Canada Enhanced Value Capped Index, which includes large and mid-cap Canadian stocks exhibiting higher value characteristics based on price-to-book value, price-to-forward earnings, and enterprise value-to-cash flow from operations.

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

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 0.12, roughly unchanged from 0.06 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.120.06—
99
Money MarketZVC.TO vs ZMMK.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CAD0.270.370.38
95
Large Cap Value EquitiesZVC.TO vs PXS.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF0.360.330.30
67
Nasdaq-100ZVC.TO vs ZNQ.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.370.330.31
69
Nasdaq-100ZVC.TO vs QQC.TO
ZVU.TO
BMO MSCI USA Value ETF0.380.380.38
96
Large Cap Value EquitiesZVC.TO vs ZVU.TO
See all 26 diversifiers for ZVC.TO

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Diversification Analysis

Build a portfolio that complements ZVC.TO

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