Looking to diversify beyond SCHP? The ETFs below have the lowest correlation with SCHP — 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 SCHP.
Best Diversifiers for SCHP
1142 ETFs have low correlation with SCHP (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.43 | -0.43 | 73 | Leveraged Currency | SCHP vs YCS | |
| United States Gasoline Fund LP | -0.21 | -0.08 | 0.02 | 69 | Oil & Gas | SCHP vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.21 | -0.17 | -0.17 | 99 | Ultrashort Bond | SCHP vs CSHP | |
| Fidelity Managed Futures ETF | -0.18 | — | — | 60 | Systematic Trend | SCHP vs FFUT | |
| Bastion Energy ETF | -0.17 | — | — | 85 | Energy Equities | SCHP vs BESF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHP and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.17, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.17 | -0.05 | -0.01 | 66 | Energy | |
| Exxon Mobil Corporation | -0.16 | -0.01 | 0.02 | 75 | Energy | |
| Chevron Corporation | -0.12 | -0.01 | 0.02 | 72 | Energy | |
| Energy Transfer LP | -0.10 | 0.01 | 0.02 | 72 | Energy | |
| BP p.l.c. | -0.08 | -0.00 | 0.02 | 74 | Energy |
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