Looking to diversify beyond SCHG? The ETFs below have the lowest correlation with SCHG — 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 SCHG.
Best Diversifiers for SCHG
366 ETFs have low correlation with SCHG (below 0.3), 76 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 70 | Inverse Equities, Leveraged Equities | SCHG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.37 | — | 52 | Cryptocurrency | SCHG vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | — | — | 73 | Derivative Income | SCHG vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.09 | 0.04 | 57 | Oil & Gas | SCHG vs DBE | |
| State Street Energy Select Sector SPDR ETF | -0.23 | 0.00 | 0.15 | 59 | Energy Equities | SCHG vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHG and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.21 | -0.02 | 64 | Utilities | |
| Altria Group, Inc. | -0.34 | -0.15 | -0.01 | 80 | Consumer Defensive | |
| The Coca-Cola Company | -0.30 | -0.12 | 0.10 | 84 | Consumer Defensive | |
| The Southern Company | -0.29 | -0.17 | 0.02 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.28 | -0.10 | 0.07 | 78 | Energy |
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Build a portfolio that complements SCHG
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Analyze a portfolio with SCHG