Looking to diversify beyond SCHD? The ETFs below have the lowest correlation with SCHD — 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 SCHD.
Best Diversifiers for SCHD
817 ETFs have low correlation with SCHD (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.11 | -0.07 | 73 | Leveraged Currency | SCHD vs YCS | |
| ProShares Short Bitcoin ETF | -0.18 | -0.21 | — | 52 | Cryptocurrency | SCHD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 70 | Inverse Equities, Leveraged Equities | SCHD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.16 | — | — | 73 | Derivative Income | SCHD vs WNTR | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.11 | -0.00 | 0.08 | 88 | Nontraditional Bonds | SCHD vs AGZD |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHD and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.16, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.16 | 0.05 | 0.26 | 63 | Technology | |
| Credo Technology Group Holding Ltd | -0.14 | 0.06 | 0.19 | 77 | Technology | |
| AppLovin Corporation | -0.13 | 0.07 | 0.22 | 56 | Communication Services | |
| Broadcom Inc. | -0.12 | 0.11 | 0.33 | 67 | Technology | |
| CrowdStrike Holdings, Inc. | -0.06 | 0.13 | 0.23 | 81 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCHD
Add SCHD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCHD