Looking to diversify beyond SCHV? The ETFs below have historically moved differently from SCHV, 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 SCHV
236 ETFs have low correlation with SCHV (below 0.3), 41 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 63 | Derivative Income | SCHV vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.04 | 0.13 | 53 | Oil & Gas | SCHV vs DBE | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SCHV vs USFR | |
| United States Gasoline Fund, LP | -0.16 | -0.01 | 0.13 | 74 | Oil & Gas | SCHV vs UGA | |
| ProShares UltraShort Yen | -0.15 | -0.09 | -0.06 | 59 | Leveraged Currency | SCHV vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHV, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.21 | 0.32 | 64 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.02 | 0.23 | 0.34 | 68 | Energy | |
| Chevron Corporation | 0.01 | 0.28 | 0.40 | 76 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.18 | 0.22 | 82 | Energy | |
| Chubb Limited | 0.02 | 0.30 | 0.46 | 86 | Financial Services |
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