Looking to balance out your exposure to SCCO? The ETFs below have historically moved differently from SCCO, 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 SCCO
6 ETFs have low correlation with SCCO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.04 | -0.02 | 100 | Ultrashort Bond | SCCO vs SGOV | |
| Eldridge BBB-B CLO ETF | 0.17 | 0.13 | — | 63 | CLO | SCCO vs CLOZ | |
| iShares 1-3 Year Treasury Bond ETF | 0.19 | 0.10 | 0.08 | 90 | Government Bonds, Short-Term Bond | SCCO vs SHY | |
| Schwab U.S. Dividend Equity ETF | 0.19 | 0.29 | 0.39 | 95 | Dividend | SCCO vs SCHD | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.21 | 0.32 | 0.40 | 87 | Commodities | SCCO vs FTGC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCCO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.07 | 0.06 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | -0.01 | 0.07 | 90 | Consumer Defensive | |
| McKesson Corporation | -0.07 | -0.11 | 0.01 | 67 | Healthcare | |
| Chevron Corporation | -0.07 | 0.13 | 0.29 | 80 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.14 | 0.28 | 84 | Energy |
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