Looking to diversify beyond SCHG? The ETFs below have historically moved differently from SCHG, 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 SCHG
340 ETFs have low correlation with SCHG (below 0.3), 78 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.50 | — | — | 58 | Derivative Income | SCHG vs WNTR | |
| Invesco DB Energy Fund | -0.29 | -0.10 | 0.02 | 54 | Oil & Gas | SCHG vs DBE | |
| Tortoise North American Pipeline Fund | -0.28 | 0.08 | 0.25 | 61 | Energy Equities | SCHG vs TPYP | |
| Strive U.S. Energy ETF | -0.27 | -0.02 | — | 53 | Energy Equities | SCHG vs DRLL | |
| State Street Energy Select Sector SPDR ETF | -0.26 | -0.01 | 0.14 | 61 | Energy Equities | SCHG vs XLE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHG, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.35, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.35 | -0.15 | -0.02 | 63 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.32 | -0.11 | 0.06 | 84 | Energy | |
| Chevron Corporation | -0.30 | -0.07 | 0.09 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.30 | -0.05 | 0.09 | 65 | Energy | |
| The Coca-Cola Company | -0.29 | -0.12 | 0.10 | 86 | Consumer Defensive |
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