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
454 ETFs have low correlation with SCDL (below 0.3), 13 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SCDL vs BIL | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.08 | 0.02 | 0.10 | 77 | Nontraditional Bonds | SCDL vs AGZD | |
| iShares Diversified Commodity Swap UCITS ETF | -0.06 | 0.02 | — | 78 | Commodities | SCDL vs ISCMF | |
| Horizon Landmark ETF | -0.03 | — | — | 98 | Ultrashort Bond | SCDL vs BENJ | |
| TCW AAA CLO ETF | -0.02 | — | — | 99 | CLO | SCDL vs ACLO |
See all 1071 diversifiers for SCDL
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