Looking to diversify beyond SCJ? The ETFs below have historically moved differently from SCJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SCJ
337 ETFs have low correlation with SCJ (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.36 | -0.37 | 56 | Leveraged Currency | SCJ vs YCS | |
| United States Oil Fund LP | -0.30 | -0.10 | 0.04 | 55 | Oil & Gas | SCJ vs USO | |
| Invesco DB Energy Fund | -0.30 | -0.11 | 0.03 | 72 | Oil & Gas | SCJ vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.10 | 0.04 | 52 | Oil & Gas | SCJ vs BNO | |
| ProShares Short Bitcoin ETF | -0.28 | -0.18 | — | 61 | Cryptocurrency | SCJ vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ONEOK, Inc. (OKE) (Energy) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.12 | 0.11 | 0.24 | 63 | Energy | |
| Enterprise Products Partners L.P. | -0.09 | 0.12 | 0.20 | 89 | Energy | |
| Nutrien Ltd. | -0.03 | 0.16 | 0.23 | 62 | Basic Materials | |
| Archer-Daniels-Midland Company | 0.07 | 0.14 | 0.20 | 90 | Consumer Defensive | |
| Johnson & Johnson | 0.07 | 0.12 | 0.15 | 97 | Healthcare |
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