Looking to diversify beyond SCHJ? The ETFs below have historically moved differently from SCHJ, 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 SCHJ
663 ETFs have low correlation with SCHJ (below 0.3), 104 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.49 | -0.50 | 56 | Leveraged Currency | SCHJ vs YCS | |
| Invesco DB Oil Fund | -0.42 | -0.21 | -0.11 | 58 | Oil & Gas | SCHJ vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.21 | -0.11 | 52 | Oil & Gas | SCHJ vs BNO | |
| United States Oil Fund LP | -0.41 | -0.21 | -0.11 | 55 | Oil & Gas | SCHJ vs USO | |
| Invesco DB Energy Fund | -0.41 | -0.21 | -0.10 | 72 | Oil & Gas | SCHJ vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHJ, 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 The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.05 | 0.05 | 0.09 | 74 | Energy |
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