Looking to diversify beyond SCHZ? The ETFs below have historically moved differently from SCHZ, 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 SCHZ
761 ETFs have low correlation with SCHZ (below 0.3), 106 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.24 | -0.15 | 72 | Oil & Gas | SCHZ vs DBE | |
| ProShares UltraShort Yen | -0.44 | -0.48 | -0.50 | 56 | Leveraged Currency | SCHZ vs YCS | |
| Invesco DB Oil Fund | -0.41 | -0.22 | -0.15 | 58 | Oil & Gas | SCHZ vs DBO | |
| United States Oil Fund LP | -0.40 | -0.23 | -0.15 | 55 | Oil & Gas | SCHZ vs USO | |
| United States Gasoline Fund, LP | -0.40 | -0.23 | -0.13 | 87 | Oil & Gas | SCHZ vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCHZ, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.37, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.37 | -0.16 | -0.12 | 72 | Energy | |
| Chevron Corporation | -0.31 | -0.11 | -0.09 | 80 | Energy | |
| BP p.l.c. | -0.30 | -0.12 | -0.10 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.30 | -0.11 | -0.09 | 70 | Energy | |
| Devon Energy Corporation | -0.29 | -0.12 | -0.08 | 76 | Energy |
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