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
324 ETFs have low correlation with SCHG (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.08 | 0.04 | 71 | Oil & Gas | SCHG vs DBE | |
| United States Oil Fund LP | -0.31 | -0.08 | 0.03 | 66 | Oil & Gas | SCHG vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | SCHG vs USOY | |
| United States Brent Oil Fund LP | -0.30 | -0.07 | 0.03 | 65 | Oil & Gas | SCHG vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.05 | 0.05 | 55 | Oil & Gas | SCHG vs OILK |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.11 | 0.01 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.16 | -0.02 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.25 | -0.09 | 0.08 | 85 | Energy | |
| Chevron Corporation | -0.23 | -0.04 | 0.11 | 83 | Energy | |
| ConocoPhillips Company | -0.20 | -0.01 | 0.12 | 76 | Energy |
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