Looking to diversify beyond SCHP? The ETFs below have historically moved differently from SCHP, 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 SCHP
1248 ETFs have low correlation with SCHP (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.44 | -0.43 | 56 | Leveraged Currency | SCHP vs YCS | |
| Invesco DB Energy Fund | -0.22 | -0.11 | 0.01 | 54 | Oil & Gas | SCHP vs DBE | |
| Bastion Energy ETF | -0.21 | — | — | 80 | Energy Equities | SCHP vs BESF | |
| Fidelity Managed Futures ETF | -0.19 | — | — | 77 | Systematic Trend, Actively Managed | SCHP vs FFUT | |
| United States Gasoline Fund, LP | -0.19 | -0.10 | 0.02 | 72 | Oil & Gas | SCHP vs UGA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHP, 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 -0.22, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.22 | -0.07 | -0.00 | 68 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.03 | 0.02 | 84 | Energy | |
| Chevron Corporation | -0.17 | -0.03 | 0.03 | 72 | Energy | |
| Devon Energy Corporation | -0.15 | -0.03 | 0.02 | 71 | Energy | |
| BP p.l.c. | -0.14 | -0.04 | 0.01 | 71 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCHP
Add SCHP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCHP