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
947 ETFs have low correlation with SCIO (below 0.3), 56 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | -0.27 | — | — | 60 | Energy Equities | SCIO vs FENY | |
| ProShares Ultra Oil & Gas | -0.27 | — | — | 53 | Leveraged Equities | SCIO vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.27 | — | — | 54 | Leveraged Equities | SCIO vs ERX | |
| iShares U.S. Energy ETF | -0.26 | — | — | 60 | Energy Equities | SCIO vs IYE | |
| Invesco DB Energy Fund | -0.26 | — | — | 57 | Oil & Gas | SCIO vs DBE |
See all 1142 diversifiers for SCIO
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Diversification Analysis
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