Looking to diversify beyond SCHK? The ETFs below have the lowest correlation with SCHK — 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 SCHK.
Best Diversifiers for SCHK
200 ETFs have low correlation with SCHK (below 0.3), 24 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.24 | -0.04 | 0.08 | 55 | Oil & Gas | SCHK vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | SCHK vs IBIC | |
| ProShares UltraShort Yen | -0.19 | -0.04 | -0.02 | 63 | Leveraged Currency | SCHK vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | SCHK vs IBID | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SCHK vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHK and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.00 | 0.12 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.19 | 0.05 | 0.19 | 72 | Energy | |
| The Coca-Cola Company | -0.16 | 0.04 | 0.21 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.08 | 0.21 | 70 | Energy | |
| ConocoPhillips Company | -0.14 | 0.09 | 0.21 | 65 | Energy |
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