Looking to diversify beyond SCHA? The ETFs below have the lowest correlation with SCHA — 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 SCHA.
Best Diversifiers for SCHA
247 ETFs have low correlation with SCHA (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.39 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.39 | — | 53 | Cryptocurrency | SCHA vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 65 | Inverse Equities, Leveraged Equities | SCHA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SCHA vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.12 | 57 | Oil & Gas | SCHA vs DBE | |
| United States Gasoline Fund LP | -0.19 | -0.02 | 0.11 | 82 | Oil & Gas | SCHA vs UGA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | 0.02 | 0.15 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.17 | 0.04 | 0.17 | 82 | Consumer Defensive | |
| Chubb Limited | -0.12 | 0.08 | 0.26 | 83 | Financial Services | |
| Duke Energy Corporation | -0.11 | 0.04 | 0.11 | 65 | Utilities | |
| Exxon Mobil Corporation | -0.10 | 0.15 | 0.29 | 76 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCHA
Add SCHA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCHA