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
261 ETFs have low correlation with SCHM (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.02 | 0.13 | 71 | Oil & Gas | SCHM vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.00 | 0.12 | 65 | Oil & Gas | SCHM vs BNO | |
| United States 12 Month Oil Fund LP | -0.23 | 0.02 | 0.15 | 56 | Oil & Gas | SCHM vs USL | |
| United States Gasoline Fund LP | -0.23 | -0.01 | 0.12 | 71 | Oil & Gas | SCHM vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | -0.03 | -0.03 | 56 | Derivative Income | SCHM vs USOY |
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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 -0.13, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.09 | 0.19 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.05 | 0.09 | 0.15 | 52 | Utilities | |
| The Coca-Cola Company | -0.05 | 0.10 | 0.22 | 63 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.03 | 0.20 | 0.30 | 85 | Energy | |
| Walmart Inc. | -0.01 | 0.14 | 0.23 | 59 | Consumer Defensive |
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