Looking to diversify beyond ZWH.TO? The ETFs below have the lowest correlation with ZWH.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 ZWH.TO.
Best Diversifiers for ZWH.TO
14 ETFs have low correlation with ZWH.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 0.06, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.06 | -0.00 | — | 100 | Money Market | ZWH.TO vs ZMMK.TO | |
| Global X Canadian Oil and Gas Equity Covered Call ... | 0.09 | 0.20 | 0.21 | 85 | Derivative Income, Energy Equities | ZWH.TO vs ENCC.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | 0.09 | — | — | 85 | Oil & Gas, Derivative Income | ZWH.TO vs ENCL.TO | |
| Broadcom (AVGO) Yield Shares Purpose ETF | 0.10 | — | — | 84 | Derivative Income, Semiconductors | ZWH.TO vs YAVG.NEO | |
| iShares Premium Money Market ETF | 0.13 | 0.07 | 0.06 | 99 | Money Market | ZWH.TO vs CMR.TO |
See all 54 diversifiers for ZWH.TO
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Diversification Analysis
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