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
248 ETFs have low correlation with SCHA (below 0.3), 49 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | SCHA vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.39 | -0.41 | 57 | Cryptocurrency | SCHA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SCHA vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SCHA vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.26 | -0.30 | 51 | Currency | SCHA vs UUP |
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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 -0.22, 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 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.17 | 0.04 | 0.17 | 83 | Consumer Defensive | |
| Waste Management, Inc. | -0.14 | 0.07 | 0.19 | 53 | Industrials | |
| Chubb Limited | -0.12 | 0.08 | 0.26 | 86 | Financial Services | |
| Duke Energy Corporation | -0.11 | 0.04 | 0.11 | 66 | Utilities |
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Build a portfolio that complements SCHA
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