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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Canadian Oil and Gas Equity Covered Call ... | -0.04 | — | — | 89 | Derivative Income, Energy Equities | ZWQT.TO vs ENCC.TO | |
| BMO Money Market Fund ETF Series | 0.08 | 0.01 | 0.01 | 100 | Money Market | ZWQT.TO vs ZMMK.TO | |
| Fidelity Global Monthly High Income ETF | 0.32 | — | — | 92 | Global Allocation | ZWQT.TO vs FCGI.TO | |
| BMO Low Volatility Canadian Equity ETF | 0.36 | 0.41 | 0.41 | 62 | Canada Equities | ZWQT.TO vs ZLB.TO | |
| Global X Conservative Asset Allocation ETF | 0.45 | — | — | 62 | Global Allocation | ZWQT.TO vs HCON.TO |
See all 18 diversifiers for ZWQT.TO
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Diversification Analysis
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