Looking to balance out your exposure to SCHL? The ETFs below have the lowest correlation with SCHL — they tend to move on their own, which can help reduce risk when SCHL drops. The stock ideas table highlights individual companies that behave independently from SCHL.
Best Diversifiers for SCHL
1 ETFs have low correlation with SCHL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.19, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.19 | 0.26 | 0.32 | 65 | S&P 500 | SCHL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHL and solid risk/return profiles. The least correlated is Eton Pharmaceuticals Inc (ETON) (Healthcare) with a 1Y correlation of -0.00, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eton Pharmaceuticals Inc | -0.00 | 0.11 | 0.12 | 94 | Healthcare | |
| Clear Secure, Inc. | 0.00 | 0.12 | 0.16 | 87 | Technology | |
| BW LPG Limited | 0.03 | 0.04 | 0.03 | 88 | Industrials | |
| Lantheus Holdings, Inc. | 0.03 | 0.14 | 0.21 | 70 | Healthcare | |
| The Vita Coco Company, Inc. | 0.05 | 0.14 | — | 88 | Consumer Defensive |
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