Looking to diversify beyond SCHM? The ETFs below have the lowest correlation with SCHM — 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 SCHM.
Best Diversifiers for SCHM
240 ETFs have low correlation with SCHM (below 0.3), 40 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.42 | -0.42 | 68 | Inverse Equities, Leveraged Equities | SCHM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.36 | -0.38 | 57 | Cryptocurrency | SCHM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SCHM vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | -0.41 | -0.41 | 70 | Derivative Income | SCHM vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.25 | -0.30 | 51 | Currency | SCHM vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.06 | 0.17 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | 0.07 | 0.21 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | 0.08 | 0.15 | 66 | Utilities | |
| Chubb Limited | -0.10 | 0.13 | 0.31 | 86 | Financial Services | |
| Walmart Inc. | -0.09 | 0.11 | 0.21 | 71 | Consumer Defensive |
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Build a portfolio that complements SCHM
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