Looking to diversify beyond SCHO? The ETFs below have historically moved differently from SCHO, 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 SCHO
1263 ETFs have low correlation with SCHO (below 0.3), 112 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.52 | -0.53 | 56 | Leveraged Currency | SCHO vs YCS | |
| Fidelity Managed Futures ETF | -0.38 | — | — | 88 | Systematic Trend, Actively Managed | SCHO vs FFUT | |
| Invesco DB Oil Fund | -0.37 | -0.24 | -0.15 | 58 | Oil & Gas | SCHO vs DBO | |
| United States Brent Oil Fund LP | -0.37 | -0.24 | -0.15 | 52 | Oil & Gas | SCHO vs BNO | |
| Invesco DB Energy Fund | -0.37 | -0.24 | -0.15 | 72 | Oil & Gas | SCHO vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHO, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.29, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.21 | -0.15 | 72 | Energy | |
| Devon Energy Corporation | -0.24 | -0.18 | -0.12 | 76 | Energy | |
| Exxon Mobil Corporation | -0.24 | -0.14 | -0.11 | 84 | Energy | |
| Energy Transfer LP | -0.24 | -0.11 | -0.09 | 81 | Energy | |
| Chevron Corporation | -0.23 | -0.14 | -0.11 | 80 | Energy |
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