Looking to diversify beyond ZZZD.TO? The ETFs below have the lowest correlation with ZZZD.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 ZZZD.TO.
Best Diversifiers for ZZZD.TO
7 ETFs have low correlation with ZZZD.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 0.04, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.04 | 0.04 | — | 99 | Money Market | ZZZD.TO vs ZMMK.TO | |
| TD Canadian Bank Dividend Index ETF | 0.20 | 0.19 | — | 98 | Dividend | ZZZD.TO vs TBNK.TO | |
| Purpose Enhanced Dividend Fund ETF | 0.21 | 0.21 | 0.20 | 90 | Dividend | ZZZD.TO vs PDIV.TO | |
| Fidelity Canadian High Dividend Index ETF | 0.21 | 0.20 | 0.30 | 95 | Dividend | ZZZD.TO vs FCCD.TO | |
| BMO US Dividend Hedged to CAD ETF | 0.24 | 0.16 | 0.25 | 72 | Dividend | ZZZD.TO vs ZUD.TO |
See all 8 diversifiers for ZZZD.TO
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