Looking to diversify beyond SCHC? The ETFs below have the lowest correlation with SCHC — 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 SCHC.
Best Diversifiers for SCHC
198 ETFs have low correlation with SCHC (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.32 | -0.27 | 67 | Leveraged Currency | SCHC vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | SCHC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | SCHC vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.07 | 0.12 | 58 | Oil & Gas | SCHC vs DBE | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.04 | 0.07 | 53 | Options Trading | SCHC vs CAOS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHC and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.12 | 0.08 | 0.20 | 51 | Industrials | |
| Exxon Mobil Corporation | -0.11 | 0.10 | 0.25 | 77 | Energy | |
| The Coca-Cola Company | -0.08 | 0.10 | 0.22 | 81 | Consumer Defensive | |
| Walmart Inc. | -0.04 | 0.10 | 0.19 | 68 | Consumer Defensive | |
| Ventas, Inc. | 0.04 | 0.24 | 0.35 | 92 | Real Estate |
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