Looking to diversify beyond SCHZ? The ETFs below have the lowest correlation with SCHZ — 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 SCHZ.
Best Diversifiers for SCHZ
665 ETFs have low correlation with SCHZ (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.47 | -0.50 | 63 | Leveraged Currency | SCHZ vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.20 | -0.14 | 55 | Oil & Gas | SCHZ vs UGA | |
| Fidelity Managed Futures ETF | -0.31 | -0.32 | -0.32 | 64 | Systematic Trend | SCHZ vs FFUT | |
| VanEck Commodity Strategy ETF | -0.26 | -0.10 | -0.10 | 57 | Commodities | SCHZ vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.11 | -0.10 | 75 | Commodities | SCHZ vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCHZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCHZ and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.28, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.28 | -0.10 | -0.11 | 65 | Energy | |
| Chevron Corporation | -0.24 | -0.06 | -0.09 | 70 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.07 | -0.08 | 72 | Energy | |
| BP p.l.c. | -0.20 | -0.07 | -0.10 | 77 | Energy | |
| Energy Transfer LP | -0.17 | -0.02 | -0.04 | 72 | Energy |
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Build a portfolio that complements SCHZ
Add SCHZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCHZ