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BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) Diversifiers

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

The BMO SPDR Technology Select Sector Index ETF (Hedged Units) aims to replicate the performance of the Technology Select Sector Index, providing exposure to large-cap U.S. information technology companies, with U.S. dollar currency exposure hedged back to the Canadian dollar.

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

Best Diversifiers for ZXLK.TO

3 ETFs have low correlation with ZXLK.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 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.03-0.01—
100
Money MarketZXLK.TO vs ZMMK.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETF0.11——
54
Canada EquitiesZXLK.TO vs ZLB.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.280.290.29
96
Financials EquitiesZXLK.TO vs ZEB.TO
CHPS-U.TO
Global X Artificial Intelligence Semiconductor Ind...0.33——
94
Semiconductors, Technology EquitiesZXLK.TO vs CHPS-U.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF0.350.300.30
80
Canada EquitiesZXLK.TO vs ZCN.TO
See all 28 diversifiers for ZXLK.TO

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Diversification Analysis

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