Looking to diversify beyond SCHD? The ETFs below have historically moved differently from SCHD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SCHD
968 ETFs have low correlation with SCHD (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.11 | -0.08 | 56 | Leveraged Currency | SCHD vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.15 | — | — | 58 | Derivative Income | SCHD vs WNTR | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.13 | -0.01 | 0.07 | 84 | Nontraditional Bonds | SCHD vs AGZD | |
| ProShares Ultra Semiconductors | -0.11 | 0.12 | 0.34 | 57 | Leveraged Equities, Semiconductors | SCHD vs USD | |
| GraniteShares 2x Long MU Daily ETF | -0.06 | 0.07 | 0.07 | 98 | Leveraged Equities | SCHD vs MULL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.16, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.16 | 0.04 | 0.27 | 63 | Technology | |
| Credo Technology Group Holding Ltd | -0.16 | 0.06 | 0.19 | 76 | Technology | |
| Broadcom Inc. | -0.13 | 0.10 | 0.32 | 70 | Technology | |
| Seagate Technology plc | -0.08 | 0.18 | 0.37 | 99 | Technology | |
| Nebius Group N.V. | -0.07 | — | — | 94 | Communication Services |
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