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CI Morningstar International Momentum Index ETF Common Units CAD Hedged (ZXM.TO) Diversifiers

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

The ETF aims to replicate the performance of the Morningstar Developed Markets ex-North America Target Momentum Index, investing in equity securities of large and liquid issuers from developed markets outside the U.S. and Canada, focusing on those with positive momentum in earnings and price.

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

Best Diversifiers for ZXM.TO

6 ETFs have low correlation with ZXM.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CMNY.TO
CI Money Market ETF CAD Series0.03——
99
Money MarketZXM.TO vs CMNY.TO
CCOM.TO
CI Auspice Broad Commodity Fund ETF Hedged Units0.070.11—
70
CommoditiesZXM.TO vs CCOM.TO
FCCM.NEO
Fidelity Canadian Momentum Index ETF0.270.240.27
76
Momentum, Canada EquitiesZXM.TO vs FCCM.NEO
CEQT.TO
CI Equity Asset Allocation ETF0.280.170.17
90
Diversified PortfolioZXM.TO vs CEQT.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF0.290.300.38
80
Canada EquitiesZXM.TO vs XIC.TO
See all 22 diversifiers for ZXM.TO

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Diversification Analysis

Build a portfolio that complements ZXM.TO

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

Analyze a portfolio with ZXM.TO