Looking to diversify beyond SCHB? The ETFs below have the lowest correlation with SCHB — 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 SCHB.
Best Diversifiers for SCHB
206 ETFs have low correlation with SCHB (below 0.3), 29 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | SCHB vs IBIC | |
| ProShares UltraShort Yen | -0.20 | -0.04 | -0.03 | 65 | Leveraged Currency | SCHB vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 96 | Inflation-Protected Bonds | SCHB vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | SCHB vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SCHB vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.02 | 0.14 | 70 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.17 | 0.06 | 0.22 | 69 | Energy | |
| Duke Energy Corporation | -0.14 | 0.00 | 0.11 | 63 | Utilities | |
| Chevron Corporation | -0.13 | 0.10 | 0.23 | 68 | Energy | |
| ConocoPhillips Company | -0.13 | 0.10 | 0.22 | 60 | Energy |
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