Looking to diversify beyond ZWEN.TO? The ETFs below have historically moved differently from ZWEN.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 ZWEN.TO
14 ETFs have low correlation with ZWEN.TO (below 0.3), 11 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) (Nasdaq-100) with a 1Y correlation of -0.17, down from 0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity Index ETF | -0.17 | 0.02 | — | 64 | Nasdaq-100 | ZWEN.TO vs ZNQ.TO | |
| BMO MSCI USA High Quality Index ETF | -0.14 | 0.05 | — | 60 | Quality Factor, Large Cap Blend Equities | ZWEN.TO vs ZUQ.TO | |
| BMO Equal Weight Banks Index ETF | -0.13 | 0.12 | — | 98 | Financials Equities, Equal Weight | ZWEN.TO vs ZEB.TO | |
| BMO S&P 500 Index ETF | -0.13 | 0.11 | — | 83 | S&P 500 | ZWEN.TO vs ZSP.TO | |
| BMO Low Volatility Canadian Equity ETF | -0.12 | 0.03 | — | 55 | Canada Equities, Low Volatility | ZWEN.TO vs ZLB.TO |
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