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
771 ETFs have low correlation with SCHZ (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.41 | -0.37 | 51 | Currency | SCHZ vs UUP | |
| ProShares UltraShort Yen | -0.45 | -0.47 | -0.50 | 72 | Leveraged Currency | SCHZ vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.21 | -0.14 | 78 | Oil & Gas | SCHZ vs UGA | |
| Invesco DB Energy Fund | -0.40 | -0.22 | -0.15 | 53 | Oil & Gas | SCHZ vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.17 | -0.11 | 51 | Commodities | SCHZ vs GSG |
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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 -0.33, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.33 | -0.13 | -0.12 | 66 | Energy | |
| Chevron Corporation | -0.26 | -0.09 | -0.09 | 70 | Energy | |
| Exxon Mobil Corporation | -0.26 | -0.09 | -0.09 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.24 | -0.08 | -0.09 | 62 | Energy | |
| BP p.l.c. | -0.24 | -0.09 | -0.10 | 75 | Energy |
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Build a portfolio that complements SCHZ
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Analyze a portfolio with SCHZ