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BMO MSCI USA Value ETF (ZVU.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

BMO MSCI USA Value Index ETF aims to replicate the performance of the MSCI USA Enhanced Value Capped Index by investing in U.S. companies with 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 ZVU.TO? The ETFs below have the lowest correlation with ZVU.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 ZVU.TO.

Best Diversifiers for ZVU.TO

4 ETFs have low correlation with ZVU.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 0.08, roughly unchanged from 0.08 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.080.08—
100
Money MarketZVU.TO vs ZMMK.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.160.220.31
54
Canada EquitiesZVU.TO vs ZLB.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.240.330.39
98
Dividend, Large Cap Value EquitiesZVU.TO vs XDIV.TO
XCV.TO
iShares Canadian Value Index ETF0.290.330.39
97
Canada EquitiesZVU.TO vs XCV.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF0.330.340.40
80
Canada EquitiesZVU.TO vs ZCN.TO
See all 17 diversifiers for ZVU.TO

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Diversification Analysis

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