Looking to diversify beyond ZWC.TO? The ETFs below have the lowest correlation with ZWC.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 ZWC.TO.
Best Diversifiers for ZWC.TO
36 ETFs have low correlation with ZWC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 0-3 Month T-Bill ETF | -0.02 | 0.03 | 0.02 | 99 | Canadian Government Bonds | ZWC.TO vs CBIL.TO | |
| Arrow EC Income Advantage Alternative Fund | 0.01 | -0.04 | -0.00 | 62 | ZWC.TO vs RATE.TO | ||
| Brompton Split Corp. Preferred Share ETF | 0.02 | — | — | 54 | Preferred Stock/Convertible Bonds | ZWC.TO vs SPLT.TO | |
| Broadcom (AVGO) Yield Shares Purpose ETF | 0.05 | 0.11 | 0.11 | 84 | Derivative Income, Semiconductors | ZWC.TO vs YAVG.NEO | |
| Purpose High Interest Savings Fund | 0.06 | 0.06 | 0.04 | 100 | Money Market | ZWC.TO vs PSA.TO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZWC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZWC.TO and solid risk/return profiles. The least correlated is South Bow Corp (SOBO.TO) (Energy) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| South Bow Corp | 0.21 | 0.21 | 0.21 | 90 | Energy | |
| Canadian Natural Resources Limited | 0.22 | 0.38 | 0.46 | 86 | Energy | |
| Enbridge Inc. | 0.33 | 0.48 | 0.55 | 81 | Energy | |
| Dividend 15 Split Corp. | 0.39 | 0.53 | 0.52 | 96 | Financial Services | |
| The Toronto-Dominion Bank | 0.58 | 0.61 | 0.62 | 98 | Financial Services |
Build a portfolio that complements ZWC.TO
Add ZWC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZWC.TO