Looking to diversify beyond SCHM? The ETFs below have historically moved differently from SCHM, 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 SCHM
268 ETFs have low correlation with SCHM (below 0.3), 51 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | SCHM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | — | 61 | Cryptocurrency | SCHM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SCHM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | SCHM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.29 | -0.09 | — | 56 | Options Trading | SCHM vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHM, 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 -0.19, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.04 | 0.15 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.16 | 0.06 | 0.20 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.15 | 0.05 | 0.15 | 56 | Utilities | |
| Chubb Limited | -0.13 | 0.12 | 0.30 | 89 | Financial Services | |
| Philip Morris International Inc. | -0.13 | 0.08 | 0.19 | 66 | Consumer Defensive |
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