Looking to diversify beyond SCHH? The ETFs below have the lowest correlation with SCHH — 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 SCHH.
Best Diversifiers for SCHH
860 ETFs have low correlation with SCHH (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.26 | -0.19 | 61 | Leveraged Currency | SCHH vs YCS | |
| Fidelity Managed Futures ETF | -0.13 | — | — | 64 | Systematic Trend | SCHH vs FFUT | |
| iShares Diversified Commodity Swap UCITS ETF | -0.07 | -0.00 | -0.02 | 77 | Commodities | SCHH vs ISCMF | |
| NestYield Dynamic Income ETF | -0.07 | 0.02 | 0.02 | 59 | Derivative Income | SCHH vs EGGY | |
| First Trust Alternative Absolute Return Strategy E... | -0.06 | -0.02 | -0.02 | 70 | Commodities | SCHH vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHH and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.09 | 0.07 | 0.19 | 61 | Communication Services | |
| NVIDIA Corporation | -0.09 | 0.02 | 0.19 | 76 | Technology | |
| Broadcom Inc. | -0.08 | 0.08 | 0.24 | 75 | Technology | |
| CrowdStrike Holdings, Inc. | -0.06 | 0.06 | 0.19 | 66 | Technology | |
| Palo Alto Networks, Inc. | -0.05 | 0.08 | 0.20 | 69 | Technology |
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Build a portfolio that complements SCHH
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