Looking to diversify beyond ZWQT.TO? The ETFs below have the lowest correlation with ZWQT.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 ZWQT.TO.
Best Diversifiers for ZWQT.TO
2 ETFs have low correlation with ZWQT.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.02 | 0.18 | 0.18 | 78 | Derivative Income, Energy Equities | ZWQT.TO vs ENCC.TO | |
| BMO Money Market Fund ETF Series | 0.07 | — | — | 99 | Money Market | ZWQT.TO vs ZMMK.TO | |
| Fidelity Global Monthly High Income ETF | 0.31 | — | — | 93 | Global Allocation | ZWQT.TO vs FCGI.TO | |
| iShares S&P/TSX Composite High Dividend Index ETF | 0.35 | — | — | 97 | Canada Equities | ZWQT.TO vs XEI.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.35 | 0.39 | — | 51 | Canada Equities | ZWQT.TO vs ZLB.TO |
See all 24 diversifiers for ZWQT.TO
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