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
189 ETFs have low correlation with SCHM (below 0.3), 24 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.22 | -0.03 | 0.11 | 55 | Oil & Gas | SCHM vs UGA | |
| ProShares UltraShort Yen | -0.18 | -0.07 | -0.04 | 63 | Leveraged Currency | SCHM vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SCHM vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | SCHM vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | — | — | 98 | Inflation-Protected Bonds | SCHM vs IBIC |
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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 -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.07 | 0.18 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.08 | 0.08 | 0.22 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.06 | 0.17 | 0.29 | 72 | Energy | |
| Duke Energy Corporation | -0.05 | 0.09 | 0.15 | 62 | Utilities | |
| Walmart Inc. | -0.05 | 0.13 | 0.22 | 69 | Consumer Defensive |
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