Looking to diversify beyond SCHI? The ETFs below have the lowest correlation with SCHI — 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 SCHI.
Best Diversifiers for SCHI
291 ETFs have low correlation with SCHI (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.45 | -0.49 | 73 | Leveraged Currency | SCHI vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.17 | -0.10 | 69 | Oil & Gas | SCHI vs UGA | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 60 | Systematic Trend | SCHI vs FFUT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.25 | -0.07 | -0.01 | 56 | Commodities | SCHI vs SDCI | |
| United States Commodity Index Fund | -0.25 | -0.07 | -0.02 | 55 | Commodities | SCHI vs USCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHI and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.25, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.25 | -0.04 | -0.03 | 69 | Energy | |
| Sunoco LP | -0.03 | 0.10 | 0.08 | 80 | Energy | |
| Walmart Inc. | 0.03 | 0.09 | 0.13 | 68 | Consumer Defensive | |
| NVIDIA Corporation | 0.04 | 0.07 | 0.14 | 66 | Technology | |
| Lockheed Martin Corporation | 0.05 | 0.10 | 0.08 | 56 | Industrials |
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Build a portfolio that complements SCHI
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