Looking to diversify beyond SCHX? The ETFs below have the lowest correlation with SCHX — 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 SCHX.
Best Diversifiers for SCHX
253 ETFs have low correlation with SCHX (below 0.3), 42 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | -0.47 | -0.47 | 60 | Inverse Equities, Leveraged Equities | SCHX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | -0.49 | -0.49 | 65 | Derivative Income | SCHX vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | SCHX vs IBIC | |
| United States Gasoline Fund LP | -0.19 | -0.04 | 0.08 | 72 | Oil & Gas | SCHX vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | SCHX vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.02 | 0.12 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.20 | 0.09 | 0.26 | 51 | Industrials | |
| Duke Energy Corporation | -0.19 | -0.01 | 0.10 | 63 | Utilities | |
| The Coca-Cola Company | -0.19 | 0.03 | 0.22 | 82 | Consumer Defensive | |
| Chubb Limited | -0.19 | 0.06 | 0.27 | 83 | Financial Services |
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