Looking to diversify beyond ZXLK.TO? The ETFs below have historically moved differently from ZXLK.TO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ZXLK.TO
4 ETFs have low correlation with ZXLK.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Low Volatility Canadian Equity ETF (ZLB.TO) (Canada Equities) with a 1Y correlation of 0.02, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Low Volatility Canadian Equity ETF | 0.02 | -0.01 | -0.01 | 58 | Canada Equities, Low Volatility | ZXLK.TO vs ZLB.TO | |
| BMO Money Market Fund ETF Series | 0.08 | 0.02 | 0.02 | 99 | Money Market | ZXLK.TO vs ZMMK.TO | |
| BMO Canadian Dividend ETF | 0.20 | — | — | 98 | Canada Equities | ZXLK.TO vs ZDV.TO | |
| BMO Equal Weight Banks Index ETF | 0.29 | — | — | 98 | Financials Equities, Equal Weight | ZXLK.TO vs ZEB.TO | |
| Alphabet (GOOGL) Yield Shares Purpose ETF | 0.34 | — | — | 90 | Derivative Income, Technology Equities | ZXLK.TO vs YGOG.NEO |
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