PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

BMO Covered Call Technology ETF (ZWT.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

BMO Covered Call Technology ETF aims to provide exposure to North American technology companies while generating income through writing out-of-the-money covered call options, selected based on implied volatility to offer some downside protection.

Looking to diversify beyond ZWT.TO? The ETFs below have the lowest correlation with ZWT.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 ZWT.TO.

Best Diversifiers for ZWT.TO

9 ETFs have low correlation with ZWT.TO (below 0.3), 3 of which are negatively correlated. The least correlated is BMO Covered Call Utilities ETF (ZWU.TO) (Utilities Equities) with a 1Y correlation of -0.28, down from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZWU.TO
BMO Covered Call Utilities ETF-0.28-0.130.03
58
Utilities Equities, Derivative IncomeZWT.TO vs ZWU.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETF-0.260.020.14
77
Energy EquitiesZWT.TO vs PPLN.TO
ZWEN.TO
BMO Covered Call Energy ETF-0.17-0.02—
74
Energy EquitiesZWT.TO vs ZWEN.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.080.05—
100
Money MarketZWT.TO vs ZMMK.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.180.250.35
54
Canada EquitiesZWT.TO vs ZLB.TO
See all 44 diversifiers for ZWT.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements ZWT.TO

Add ZWT.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with ZWT.TO