Looking to diversify beyond SCHJ? The ETFs below have the lowest correlation with SCHJ — 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 SCHJ.
Best Diversifiers for SCHJ
513 ETFs have low correlation with SCHJ (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.48 | -0.50 | 63 | Leveraged Currency | SCHJ vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.20 | -0.11 | 55 | Oil & Gas | SCHJ vs UGA | |
| Fidelity Managed Futures ETF | -0.34 | — | — | 64 | Systematic Trend | SCHJ vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.11 | -0.08 | 75 | Commodities | SCHJ vs FAAR | |
| VanEck Commodity Strategy ETF | -0.24 | -0.07 | — | 57 | Commodities | SCHJ vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHJ and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.02, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.02 | 0.07 | 0.08 | 75 | Energy | |
| Royal Caribbean Cruises Ltd. | 0.32 | 0.16 | 0.14 | 52 | Consumer Cyclical |
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