Looking to balance out your exposure to SCHYY? The ETFs below have the lowest correlation with SCHYY — they tend to move on their own, which can help reduce risk when SCHYY drops. The stock ideas table highlights individual companies that behave independently from SCHYY.
Best Diversifiers for SCHYY
1 ETFs have low correlation with SCHYY (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Global Cash Cows Dividend ETF (GCOW) (Large Cap Value Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | 0.24 | 0.30 | 0.31 | 75 | Large Cap Value Equities, Dividend | SCHYY vs GCOW | |
| Vanguard FTSE Developed Markets ETF | 0.34 | 0.33 | 0.35 | 59 | Foreign Large Cap Equities | SCHYY vs VEA | |
| Vanguard S&P 500 ETF | 0.36 | 0.28 | 0.29 | 66 | S&P 500 | SCHYY vs VOO | |
| Vanguard Total International Stock ETF | 0.37 | 0.39 | 0.41 | 56 | Global Equities | SCHYY vs VXUS |
Diversification Analysis
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