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
1251 ETFs have low correlation with SCHQ (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.42 | -0.43 | 61 | Leveraged Currency | SCHQ vs YCS | |
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.19 | 71 | Oil & Gas | SCHQ vs DBE | |
| United States Gasoline Fund LP | -0.40 | -0.20 | -0.17 | 69 | Oil & Gas | SCHQ vs UGA | |
| Invesco DB Oil Fund | -0.39 | -0.21 | -0.19 | 65 | Oil & Gas | SCHQ vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.39 | -0.28 | -0.28 | 56 | Derivative Income | SCHQ vs USOY |
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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 -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.02 | 0.02 | 78 | Technology | |
| Walmart Inc. | 0.00 | 0.07 | 0.06 | 63 | Consumer Defensive | |
| Rigetti Computing Inc | 0.00 | 0.05 | 0.04 | 68 | Technology | |
| Elbit Systems Ltd | 0.07 | 0.05 | 0.01 | 88 | Industrials | |
| Apple Inc | 0.10 | 0.14 | 0.07 | 89 | Technology |
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