Looking to diversify beyond SCHA? The ETFs below have historically moved differently from SCHA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SCHA
242 ETFs have low correlation with SCHA (below 0.3), 56 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 58 | Derivative Income | SCHA vs WNTR | |
| Invesco DB Energy Fund | -0.28 | -0.06 | 0.10 | 54 | Oil & Gas | SCHA vs DBE | |
| United States Gasoline Fund, LP | -0.20 | -0.03 | 0.10 | 72 | Oil & Gas | SCHA vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | SCHA vs RBIL | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | 0.02 | 0.15 | 51 | Commodities | SCHA vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.01 | 0.13 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.21 | 0.02 | 0.16 | 86 | Consumer Defensive | |
| Chubb Limited | -0.18 | 0.07 | 0.25 | 87 | Financial Services | |
| Philip Morris International Inc. | -0.17 | 0.06 | 0.19 | 63 | Consumer Defensive | |
| Chevron Corporation | -0.13 | 0.16 | 0.29 | 72 | Energy |
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