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
270 ETFs have low correlation with SCHA (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.03 | 0.13 | 71 | Oil & Gas | SCHA vs DBE | |
| United States Oil Fund LP | -0.27 | -0.01 | 0.12 | 66 | Oil & Gas | SCHA vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.01 | 0.12 | 65 | Oil & Gas | SCHA vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | SCHA vs USOY | |
| United States 12 Month Oil Fund LP | -0.23 | 0.02 | 0.14 | 56 | Oil & Gas | SCHA vs USL |
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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 -0.17, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.07 | 0.17 | 67 | Consumer Defensive | |
| The Coca-Cola Company | -0.08 | 0.07 | 0.18 | 63 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | 0.05 | 0.11 | 52 | Utilities | |
| Exxon Mobil Corporation | -0.05 | 0.18 | 0.28 | 85 | Energy | |
| Walmart Inc. | -0.02 | 0.13 | 0.21 | 59 | Consumer Defensive |
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