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
612 ETFs have low correlation with SCHD (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.11 | -0.07 | 63 | Leveraged Currency | SCHD vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SCHD vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.02 | -0.02 | 100 | Ultrashort Bond | SCHD vs SGOV | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.08 | 0.01 | 0.09 | 77 | Nontraditional Bonds | SCHD vs AGZD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SCHD vs BIL |
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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 -0.12, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | 0.07 | 0.27 | 72 | Technology | |
| AppLovin Corporation | -0.08 | 0.09 | 0.23 | 60 | Communication Services | |
| Credo Technology Group Holding Ltd | -0.08 | 0.10 | 0.21 | 88 | Technology | |
| Broadcom Inc. | -0.07 | 0.14 | 0.34 | 72 | Technology | |
| Cloudflare, Inc. | -0.04 | 0.18 | 0.28 | 55 | Technology |
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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