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
359 ETFs have low correlation with SCJ (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.37 | -0.36 | 63 | Leveraged Currency | SCJ vs YCS | |
| Invesco DB Energy Fund | -0.26 | -0.06 | 0.06 | 71 | Oil & Gas | SCJ vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.05 | 0.07 | 65 | Oil & Gas | SCJ vs BNO | |
| United States Oil Fund LP | -0.25 | -0.05 | 0.07 | 66 | Oil & Gas | SCJ vs USO | |
| Invesco DB Oil Fund | -0.23 | -0.03 | 0.08 | 65 | Oil & Gas | SCJ vs DBO |
To view more results, upgrade your current subscription plan.
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 -0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.02 | 0.17 | 0.28 | 51 | Energy | |
| Precision Drilling Corporation | -0.00 | 0.18 | 0.23 | 93 | Energy | |
| Nutrien Ltd. | 0.01 | 0.21 | 0.24 | 58 | Basic Materials | |
| Enterprise Products Partners L.P. | 0.06 | 0.19 | 0.24 | 86 | Energy | |
| Medpace Holdings, Inc. | 0.07 | 0.19 | 0.29 | 69 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SCJ
Add SCJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCJ