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
26 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 0.01, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.01 | 0.03 | — | 99 | Money Market | ZZZD.TO vs ZMMK.TO | |
| CI Canada Quality Dividend Growth Index ETF | 0.14 | 0.16 | 0.28 | 95 | Quality Factor, Dividend, Canada Equities | ZZZD.TO vs DGRC.TO | |
| Dynamic Active U.S. Dividend ETF | 0.15 | 0.04 | 0.13 | 68 | Dividend | ZZZD.TO vs DXU.TO | |
| Manulife Smart Dividend ETF | 0.17 | 0.18 | 0.29 | 58 | Dividend | ZZZD.TO vs CDIV.TO | |
| Brompton North American Low Volatility Dividend ET... | 0.18 | 0.13 | 0.11 | 87 | Dividend, Low Volatility | ZZZD.TO vs BLOV.TO |
See all 30 diversifiers for ZZZD.TO
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