Looking to diversify beyond SCDS? The ETFs below have the lowest correlation with SCDS — 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 SCDS.
Best Diversifiers for SCDS
169 ETFs have low correlation with SCDS (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.45 | -0.45 | 57 | Cryptocurrency | SCDS vs BITI | |
| Invesco DB Energy Fund | -0.26 | -0.11 | -0.11 | 53 | Oil & Gas | SCDS vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | SCDS vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.03 | -0.03 | 51 | Commodities | SCDS vs GSG | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | SCDS vs CSHP |
See all 1150 diversifiers for SCDS
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