Looking to diversify beyond SCHR? The ETFs below have historically moved differently from SCHR, 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 SCHR
1191 ETFs have low correlation with SCHR (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.50 | -0.53 | 56 | Leveraged Currency | SCHR vs YCS | |
| United States Brent Oil Fund LP | -0.41 | -0.24 | -0.17 | 52 | Oil & Gas | SCHR vs BNO | |
| United States Oil Fund LP | -0.40 | -0.25 | -0.17 | 55 | Oil & Gas | SCHR vs USO | |
| Invesco DB Energy Fund | -0.40 | -0.25 | -0.17 | 72 | Oil & Gas | SCHR vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.24 | -0.17 | 58 | Oil & Gas | SCHR vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHR, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.30, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.30 | -0.11 | -0.08 | 86 | Energy | |
| NVIDIA Corporation | -0.05 | -0.02 | 0.01 | 56 | Technology | |
| Altria Group, Inc. | -0.00 | 0.13 | 0.06 | 66 | Consumer Defensive | |
| Seagate Technology plc | 0.02 | 0.06 | 0.05 | 99 | Technology | |
| Lockheed Martin Corporation | 0.03 | 0.07 | 0.03 | 80 | Industrials |
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