Looking to diversify beyond ZWEN.TO? The ETFs below have the lowest correlation with ZWEN.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 ZWEN.TO.
Best Diversifiers for ZWEN.TO
16 ETFs have low correlation with ZWEN.TO (below 0.3), 12 of which are negatively correlated. The least correlated is BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) (Nasdaq-100) with a 1Y correlation of -0.22, down from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO NASDAQ 100 Equity (CAD Hedged) | -0.22 | 0.00 | — | 67 | Nasdaq-100 | ZWEN.TO vs ZQQ.TO | |
| BMO NASDAQ 100 Equity Index ETF | -0.17 | 0.01 | — | 74 | Nasdaq-100 | ZWEN.TO vs ZNQ.TO | |
| Harvest Tech Achievers Growth & Income ETF | -0.17 | 0.04 | — | 67 | Technology Equities | ZWEN.TO vs HTA.TO | |
| BMO Covered Call Technology ETF | -0.16 | -0.02 | — | 68 | Technology Equities, Derivative Income | ZWEN.TO vs ZWT.TO | |
| BMO S&P 500 Index ETF | -0.08 | 0.12 | 0.12 | 72 | S&P 500 | ZWEN.TO vs ZSP.TO |
See all 25 diversifiers for ZWEN.TO
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