Looking to diversify beyond SCHR? The ETFs below have the lowest correlation with SCHR — 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 SCHR.
Best Diversifiers for SCHR
1103 ETFs have low correlation with SCHR (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.50 | -0.54 | 63 | Leveraged Currency | SCHR vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.22 | -0.16 | 55 | Oil & Gas | SCHR vs UGA | |
| Fidelity Managed Futures ETF | -0.36 | — | — | 64 | Systematic Trend | SCHR vs FFUT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.26 | -0.11 | — | 50 | Commodities | SCHR vs CMDT | |
| VanEck Commodity Strategy ETF | -0.26 | -0.12 | — | 57 | Commodities | SCHR vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHR and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.24, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.24 | -0.07 | -0.08 | 66 | Energy | |
| NVIDIA Corporation | -0.02 | -0.01 | 0.00 | 72 | Technology | |
| Lockheed Martin Corporation | 0.01 | 0.07 | 0.02 | 51 | Industrials | |
| Intel Corporation | 0.04 | 0.05 | 0.04 | 99 | Technology | |
| Walmart Inc. | 0.05 | 0.05 | 0.07 | 69 | Consumer Defensive |
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Build a portfolio that complements SCHR
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Analyze a portfolio with SCHR