Looking to diversify beyond SCHI? The ETFs below have historically moved differently from SCHI, 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 SCHI
329 ETFs have low correlation with SCHI (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | -0.49 | 59 | Leveraged Currency | SCHI vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.21 | -0.11 | 53 | Oil & Gas | SCHI vs DBE | |
| United States Gasoline Fund, LP | -0.39 | -0.21 | -0.10 | 74 | Oil & Gas | SCHI vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.15 | -0.06 | 50 | Commodities | SCHI vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.36 | — | — | 52 | Commodities | SCHI vs DCMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHI, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.31, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.31 | -0.08 | -0.03 | 83 | Energy | |
| Sunoco LP | -0.10 | 0.07 | 0.08 | 88 | Energy | |
| Walmart Inc. | -0.01 | 0.08 | 0.13 | 58 | Consumer Defensive | |
| Lockheed Martin Corporation | 0.05 | 0.10 | 0.08 | 79 | Industrials | |
| The Coca-Cola Company | 0.06 | 0.14 | 0.19 | 86 | Consumer Defensive |
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