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
707 ETFs have low correlation with SCHD (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.10 | -0.06 | 61 | Leveraged Currency | SCHD vs YCS | |
| REX NVDA Growth & Income ETF | -0.11 | — | — | 52 | Derivative Income | SCHD vs NVII | |
| YieldMax NVDA Option Income Strategy ETF | -0.10 | 0.07 | — | 52 | Options Trading | SCHD vs NVDY | |
| iShares Government Money Market ETF | -0.08 | — | — | 100 | Money Market | SCHD vs GMMF | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SCHD vs USFR |
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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 -0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | 0.06 | 0.27 | 78 | Technology | |
| AppLovin Corporation | -0.09 | 0.09 | 0.23 | 59 | Technology | |
| Credo Technology Group Holding Ltd | -0.09 | 0.10 | — | 85 | Technology | |
| Broadcom Inc. | -0.07 | 0.15 | 0.35 | 84 | Technology | |
| Oracle Corporation | -0.06 | 0.17 | 0.33 | 58 | Technology |
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Build a portfolio that complements SCHD
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Analyze a portfolio with SCHD