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
1043 ETFs have low correlation with SCHQ (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.42 | -0.43 | 63 | Leveraged Currency | SCHQ vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.19 | -0.17 | 55 | Oil & Gas | SCHQ vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.30 | -0.13 | -0.13 | 75 | Commodities | SCHQ vs FAAR | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 64 | Systematic Trend | SCHQ vs FFUT | |
| VanEck Commodity Strategy ETF | -0.28 | -0.12 | — | 57 | Commodities | SCHQ vs PIT |
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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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.06 | 0.06 | 69 | Consumer Defensive | |
| NVIDIA Corporation | -0.01 | 0.02 | 0.02 | 72 | Technology | |
| Rigetti Computing Inc | 0.03 | 0.05 | 0.04 | 69 | Technology | |
| Elbit Systems Ltd | 0.09 | 0.06 | 0.02 | 84 | Industrials | |
| Apple Inc | 0.16 | 0.15 | 0.08 | 87 | Technology |
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