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
1245 ETFs have low correlation with SCHO (below 0.3), 50 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.51 | -0.53 | 61 | Leveraged Currency | SCHO vs YCS | |
| Fidelity Managed Futures ETF | -0.38 | — | — | 64 | Systematic Trend | SCHO vs FFUT | |
| Bastion Energy ETF | -0.29 | — | — | 75 | Energy Equities | SCHO vs BESF | |
| VanEck Commodity Strategy ETF | -0.26 | -0.14 | — | 55 | Commodities | SCHO vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.14 | -0.08 | 70 | Commodities | SCHO vs FAAR |
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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 -0.30, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.30 | -0.18 | -0.14 | 61 | Energy | |
| BP p.l.c. | -0.24 | -0.14 | -0.12 | 76 | Energy | |
| Energy Transfer LP | -0.24 | -0.09 | -0.09 | 67 | Energy | |
| Chevron Corporation | -0.23 | -0.11 | -0.10 | 68 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.11 | -0.10 | 68 | Energy |
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Build a portfolio that complements SCHO
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