Looking to diversify beyond ZWK.TO? The ETFs below have the lowest correlation with ZWK.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 ZWK.TO.
Best Diversifiers for ZWK.TO
2 ETFs have low correlation with ZWK.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 0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.03 | -0.01 | 0.01 | 100 | Money Market | ZWK.TO vs ZMMK.TO | |
| Global X S&P/TSX Capped Financials Index Corporate... | 0.24 | 0.29 | 0.39 | 91 | Financials Equities | ZWK.TO vs HXF.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.31 | 0.35 | 0.41 | 54 | Canada Equities | ZWK.TO vs ZLB.TO | |
| BMO NASDAQ 100 Equity (CAD Hedged) | 0.37 | 0.35 | 0.44 | 67 | Nasdaq-100 | ZWK.TO vs ZQQ.TO | |
| BMO NASDAQ 100 Equity Index ETF | 0.42 | 0.36 | 0.41 | 74 | Nasdaq-100 | ZWK.TO vs ZNQ.TO |
See all 23 diversifiers for ZWK.TO
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