Looking to diversify beyond SCDL? The ETFs below have historically moved differently from SCDL, 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 SCDL
753 ETFs have low correlation with SCDL (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.14, roughly unchanged from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.14 | -0.20 | — | 51 | Cryptocurrency | SCDL vs BITI | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.13 | -0.00 | 0.09 | 89 | Nontraditional Bonds | SCDL vs AGZD | |
| KraneShares Artificial Intelligence & Technology E... | -0.09 | 0.11 | 0.11 | 53 | Artificial Intelligence, Technology Equities | SCDL vs AGIX | |
| Alger AI Enablers & Adopters ETF | -0.08 | — | — | 56 | Artificial Intelligence, Technology Equities | SCDL vs ALAI | |
| Roundhill Generative AI & Technology ETF | -0.08 | 0.19 | — | 76 | Artificial Intelligence, Technology Equities | SCDL vs CHAT |
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