Looking to diversify beyond SCIO? The ETFs below have the lowest correlation with SCIO — 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 SCIO.
Best Diversifiers for SCIO
987 ETFs have low correlation with SCIO (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.20 | -0.20 | 71 | Oil & Gas | SCIO vs DBE | |
| Strive U.S. Energy ETF | -0.28 | -0.17 | -0.17 | 55 | Energy Equities | SCIO vs DRLL | |
| Invesco DB Oil Fund | -0.28 | -0.20 | -0.20 | 65 | Oil & Gas | SCIO vs DBO | |
| First Trust Energy AlphaDEX Fund | -0.27 | — | — | 67 | Energy Equities | SCIO vs FXN | |
| Fidelity MSCI Energy Index ETF | -0.26 | -0.16 | -0.16 | 64 | Energy Equities | SCIO vs FENY |
See all 1148 diversifiers for SCIO
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Diversification Analysis
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