Looking to diversify beyond ZWC.TO? The ETFs below have historically moved differently from ZWC.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 ZWC.TO
33 ETFs have low correlation with ZWC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Arrow EC Income Advantage Alternative Fund (RATE.TO) (Investment Grade Bonds) with a 1Y correlation of -0.00, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Arrow EC Income Advantage Alternative Fund | -0.00 | -0.03 | -0.00 | 66 | Investment Grade Bonds, Corporate Bonds, Nontraditional Bonds | ZWC.TO vs RATE.TO | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed... | 0.02 | — | — | 71 | Government Bonds, Derivative Income | ZWC.TO vs HBIL-U.TO | |
| Global X 0-3 Month T-Bill ETF | 0.02 | 0.04 | — | 99 | Canadian Government Bonds | ZWC.TO vs CBIL.TO | |
| iShares Premium Money Market ETF | 0.05 | 0.01 | -0.03 | 100 | Money Market | ZWC.TO vs CMR.TO | |
| Brompton Split Corp. Preferred Share ETF | 0.06 | 0.17 | — | 75 | Preferred Stock | ZWC.TO vs SPLT.TO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZWC.TO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Canadian Natural Resources Limited (CNQ.TO) (Energy) with a 1Y correlation of 0.19, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Natural Resources Limited | 0.19 | 0.34 | 0.44 | 88 | Energy | |
| South Bow Corp | 0.23 | — | — | 94 | Energy | |
| Enbridge Inc. | 0.33 | 0.45 | 0.54 | 87 | Energy | |
| Dividend 15 Split Corp. | 0.44 | 0.53 | 0.53 | 98 | Financial Services | |
| Royal Bank of Canada | 0.59 | 0.68 | 0.70 | 99 | Financial Services |
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