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
261 ETFs have low correlation with SCJ (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.37 | -0.36 | 63 | Leveraged Currency | SCJ vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.07 | 0.05 | 55 | Oil & Gas | SCJ vs UGA | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | SCJ vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | — | — | 98 | Inflation-Protected Bonds | SCJ vs IBIC | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.11 | -0.07 | -0.07 | 100 | Ultrashort Bond | SCJ vs VBIL |
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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 -0.05, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.05 | 0.16 | 0.27 | 59 | Energy | |
| Precision Drilling Corporation | 0.00 | 0.17 | 0.23 | 88 | Energy | |
| Enterprise Products Partners L.P. | 0.05 | 0.18 | 0.23 | 85 | Energy | |
| Medpace Holdings, Inc. | 0.08 | 0.21 | 0.28 | 72 | Healthcare | |
| Golar LNG Limited | 0.09 | 0.16 | 0.23 | 67 | Energy |
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