Looking to diversify beyond SCHQ? The ETFs below have the lowest correlation with SCHQ — 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 SCHQ.
Best Diversifiers for SCHQ
1131 ETFs have low correlation with SCHQ (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.24 | -0.19 | 57 | Oil & Gas | SCHQ vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.21 | -0.17 | 82 | Oil & Gas | SCHQ vs UGA | |
| ProShares UltraShort Yen | -0.40 | -0.42 | -0.43 | 72 | Leveraged Currency | SCHQ vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.19 | -0.16 | 56 | Commodities | SCHQ vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.37 | -0.20 | -0.17 | 52 | Commodities | SCHQ vs COMT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHQ and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.02 | 0.02 | 70 | Technology | |
| Walmart Inc. | -0.00 | 0.06 | 0.06 | 69 | Consumer Defensive | |
| Chubb Limited | 0.04 | 0.06 | -0.01 | 83 | Financial Services | |
| Rigetti Computing Inc | 0.04 | 0.05 | 0.04 | 57 | Technology | |
| McKesson Corporation | 0.06 | 0.03 | -0.01 | 58 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCHQ
Add SCHQ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCHQ