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 0.22, 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 | 0.22 | 0.27 | 0.32 | 63 | 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 Akamai Technologies, Inc. (AKAM) (Technology) with a 1Y correlation of 0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Akamai Technologies, Inc. | 0.12 | 0.25 | 0.24 | 71 | Technology | |
| ChipMOS TECHNOLOGIES INC. | 0.12 | 0.14 | 0.17 | 95 | Technology | |
| Verizon Communications Inc. | 0.14 | 0.12 | 0.15 | 66 | Communication Services | |
| Pearson plc | 0.22 | 0.19 | 0.19 | 51 | Communication Services |
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