Looking to diversify beyond SCDL? The ETFs below have the lowest correlation with SCDL — 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 SCDL.
Best Diversifiers for SCDL
620 ETFs have low correlation with SCDL (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.18, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.18 | -0.21 | -0.25 | 53 | Cryptocurrency | SCDL vs BITI | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.10 | 0.01 | 0.09 | 88 | Nontraditional Bonds | SCDL vs AGZD | |
| Alger AI Enablers & Adopters ETF | -0.07 | — | — | 59 | Technology Equities | SCDL vs ALAI | |
| KraneShares Artificial Intelligence & Technology E... | -0.05 | 0.14 | 0.14 | 52 | Technology Equities | SCDL vs AGIX | |
| iShares Diversified Commodity Swap UCITS ETF | -0.04 | 0.01 | — | 54 | Commodities | SCDL vs ISCMF |
See all 1161 diversifiers for SCDL
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