Looking to diversify beyond SCJ? The ETFs below have the lowest correlation with SCJ — 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 SCJ.
Best Diversifiers for SCJ
311 ETFs have low correlation with SCJ (below 0.3), 62 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 -0.46 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 | -0.46 | 51 | Currency | SCJ vs UUP | |
| ProShares UltraShort Yen | -0.40 | -0.37 | -0.37 | 72 | Leveraged Currency | SCJ vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.10 | 0.05 | 53 | Oil & Gas | SCJ vs DBE | |
| ProShares Short Bitcoin ETF | -0.24 | -0.17 | -0.20 | 57 | Cryptocurrency | SCJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SCJ vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCJ and solid risk/return profiles. The least correlated is ONEOK, Inc. (OKE) (Energy) with a 1Y correlation of -0.08, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.08 | 0.14 | 0.26 | 65 | Energy | |
| Precision Drilling Corporation | -0.03 | 0.15 | 0.23 | 85 | Energy | |
| Enterprise Products Partners L.P. | -0.01 | 0.15 | 0.22 | 87 | Energy | |
| Nutrien Ltd. | -0.01 | 0.18 | 0.24 | 58 | Basic Materials | |
| Golar LNG Limited | 0.08 | 0.15 | 0.22 | 71 | Energy |
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