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
243 ETFs have low correlation with SCHB (below 0.3), 40 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 -0.50, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | -0.47 | -0.47 | 60 | Inverse Equities, Leveraged Equities | SCHB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | — | — | 65 | Derivative Income | SCHB vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.03 | 0.08 | 72 | Oil & Gas | SCHB vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | SCHB vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | SCHB vs RBIL |
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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 -0.26, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.01 | 0.13 | 79 | Consumer Defensive | |
| The Coca-Cola Company | -0.19 | 0.03 | 0.22 | 82 | Consumer Defensive | |
| Waste Management, Inc. | -0.19 | 0.09 | 0.26 | 51 | Industrials | |
| Verizon Communications Inc. | -0.18 | 0.01 | 0.14 | 54 | Communication Services | |
| Exxon Mobil Corporation | -0.17 | 0.05 | 0.22 | 71 | Energy |
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Build a portfolio that complements SCHB
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