Looking to diversify beyond SCHQ? The ETFs below have historically moved differently from SCHQ, 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 SCHQ
1206 ETFs have low correlation with SCHQ (below 0.3), 113 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.24 | -0.19 | 66 | Oil & Gas | SCHQ vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.20 | -0.16 | 61 | Commodities | SCHQ vs GSG | |
| Invesco DB Oil Fund | -0.40 | -0.23 | -0.19 | 51 | Oil & Gas | SCHQ vs DBO | |
| United States Gasoline Fund, LP | -0.40 | -0.21 | -0.16 | 83 | Oil & Gas | SCHQ vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.39 | -0.22 | -0.17 | 56 | Commodities | SCHQ vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHQ, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | -0.00 | 0.02 | 61 | Technology | |
| Chubb Limited | -0.02 | 0.07 | -0.01 | 87 | Financial Services | |
| Walmart Inc. | -0.00 | 0.06 | 0.06 | 60 | Consumer Defensive | |
| Elbit Systems Ltd. | 0.05 | 0.04 | 0.02 | 86 | Industrials | |
| Willis Towers Watson Public Limited Company | 0.05 | 0.09 | 0.05 | 53 | Financial Services |
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