Looking to diversify beyond SCHO? The ETFs below have the lowest correlation with SCHO — 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 SCHO.
Best Diversifiers for SCHO
1166 ETFs have low correlation with SCHO (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.51 | -0.53 | 75 | Leveraged Currency | SCHO vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.25 | -0.15 | 72 | Oil & Gas | SCHO vs UGA | |
| Fidelity Managed Futures ETF | -0.39 | — | — | 66 | Systematic Trend | SCHO vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.18 | -0.10 | 51 | Commodities | SCHO vs PDBC | |
| Bastion Energy ETF | -0.29 | — | — | 86 | Energy Equities | SCHO vs BESF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHO and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.29, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.19 | -0.14 | 63 | Energy | |
| Energy Transfer LP | -0.24 | -0.10 | -0.09 | 80 | Energy | |
| Chevron Corporation | -0.24 | -0.14 | -0.11 | 67 | Energy | |
| BP p.l.c. | -0.23 | -0.14 | -0.12 | 74 | Energy | |
| Devon Energy Corporation | -0.22 | -0.16 | -0.12 | 69 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCHO
Add SCHO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCHO