Looking to diversify beyond SCHE? The ETFs below have the lowest correlation with SCHE — 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 SCHE.
Best Diversifiers for SCHE
293 ETFs have low correlation with SCHE (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.31 | -0.34 | 57 | Cryptocurrency | SCHE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SCHE vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.41 | -0.45 | 51 | Currency | SCHE vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.37 | -0.37 | 68 | Inverse Equities, Leveraged Equities | SCHE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | SCHE vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHE and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.30, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.30 | -0.09 | 0.04 | 53 | Industrials | |
| Chubb Limited | -0.22 | -0.04 | 0.12 | 86 | Financial Services | |
| Duke Energy Corporation | -0.21 | -0.02 | 0.03 | 66 | Utilities | |
| Altria Group, Inc. | -0.17 | -0.01 | 0.07 | 81 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.16 | 0.09 | 0.20 | 62 | Energy |
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