Looking to diversify beyond SCHY? The ETFs below have the lowest correlation with SCHY — 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 SCHY.
Best Diversifiers for SCHY
278 ETFs have low correlation with SCHY (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, down from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.38 | -0.31 | 67 | Leveraged Currency | SCHY vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 61 | Inverse Equities, Leveraged Equities | SCHY vs MSTZ | |
| TCW AAA CLO ETF | -0.23 | — | — | 99 | CLO | SCHY vs ACLO | |
| Invesco DB Energy Fund | -0.23 | -0.08 | 0.10 | 58 | Oil & Gas | SCHY vs DBE | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 69 | Derivative Income | SCHY vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHY and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.03 | 0.16 | 0.29 | 81 | Energy | |
| Devon Energy Corporation | -0.00 | 0.15 | 0.28 | 75 | Energy | |
| Occidental Petroleum Corporation | 0.01 | 0.14 | 0.26 | 68 | Energy | |
| ConocoPhillips Company | 0.02 | 0.12 | 0.27 | 68 | Energy | |
| Nebius Group N.V. | 0.05 | 0.09 | 0.09 | 94 | Communication Services |
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