Looking to diversify beyond SCHK? The ETFs below have historically moved differently from SCHK, 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 SCHK
294 ETFs have low correlation with SCHK (below 0.3), 74 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 69 | Derivative Income | SCHK vs WNTR | |
| ProShares Short Bitcoin ETF | -0.49 | -0.38 | — | 51 | Cryptocurrency | SCHK vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.08 | 66 | Oil & Gas | SCHK vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.05 | 0.08 | 51 | Oil & Gas | SCHK vs DBO | |
| United States Gasoline Fund, LP | -0.23 | -0.05 | 0.07 | 83 | Oil & Gas | SCHK vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHK, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.02 | 0.10 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.22 | 0.03 | 0.17 | 85 | Energy | |
| Chevron Corporation | -0.22 | 0.06 | 0.22 | 79 | Energy | |
| Chubb Limited | -0.22 | 0.05 | 0.25 | 87 | Financial Services | |
| The Coca-Cola Company | -0.22 | 0.02 | 0.21 | 87 | Consumer Defensive |
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