Looking to balance out your exposure to SCBFY? The ETFs below have the lowest correlation with SCBFY — they tend to move on their own, which can help reduce risk when SCBFY drops. The stock ideas table highlights individual companies that behave independently from SCBFY.
Best Diversifiers for SCBFY
1 ETFs have low correlation with SCBFY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.19, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.19 | 0.30 | 0.38 | 80 | Dividend | SCBFY vs SCHD | |
| Avantis US Small Cap Value ETF | 0.35 | 0.39 | 0.44 | 67 | Small Cap Value Equities | SCBFY vs AVUV | |
| Sprott Junior Copper Miners ETF | 0.38 | 0.40 | — | 73 | Commodity Producers Equities | SCBFY vs COPJ | |
| Avantis U.S. Large Cap Value ETF | 0.40 | 0.40 | 0.43 | 91 | Large Cap Value Equities | SCBFY vs AVLV | |
| Vanguard Dividend Appreciation ETF | 0.42 | 0.36 | 0.38 | 56 | Dividend | SCBFY vs VIG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCBFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCBFY and solid risk/return profiles. The least correlated is TISCO Financial Group PCL ADR (TSCFY) (Financial Services) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TISCO Financial Group PCL ADR | -0.00 | -0.01 | -0.01 | 66 | Financial Services | |
| AbbVie Inc. | 0.10 | 0.11 | 0.14 | 62 | Healthcare | |
| Merck & Co., Inc. | 0.13 | 0.09 | 0.09 | 87 | Healthcare | |
| Micron Technology, Inc. | 0.34 | 0.24 | 0.28 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.37 | 0.30 | 0.33 | 95 | Technology |
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Build a portfolio that complements SCBFY
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