Looking to balance out your exposure to SCBFY? The ETFs below have historically moved differently from SCBFY, 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 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 0.14, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.27 | 0.36 | 95 | Dividend | SCBFY vs SCHD | |
| Avantis US Small Cap Value ETF | 0.34 | 0.37 | 0.43 | 91 | Small Cap Value Equities | SCBFY vs AVUV | |
| Avantis U.S. Large Cap Value ETF | 0.43 | 0.40 | — | 95 | Large Cap Value Equities | SCBFY vs AVLV | |
| Vanguard Dividend Appreciation ETF | 0.44 | 0.36 | 0.38 | 75 | Dividend | SCBFY vs VIG | |
| Sprott Junior Copper Miners ETF | 0.44 | 0.42 | — | 68 | Copper | SCBFY vs COPJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCBFY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.00, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.00 | 0.11 | 0.13 | 81 | Healthcare | |
| Berkshire Hathaway Inc. | 0.06 | 0.19 | 0.29 | 61 | Financial Services | |
| Merck & Co., Inc. | 0.08 | 0.08 | 0.08 | 96 | Healthcare | |
| Micron Technology, Inc. | 0.36 | 0.26 | 0.28 | 99 | Technology | |
| Jackson Financial Inc. | 0.38 | 0.35 | 0.37 | 81 | Financial Services |
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