Looking to balance out your exposure to SCL? The ETFs below have historically moved differently from SCL, 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 SCL
2 ETFs have low correlation with SCL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.40 | 0.47 | 78 | S&P 500 | SCL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.40 | 0.48 | 78 | S&P 500 | SCL vs SPY | |
| Vanguard Total Stock Market ETF | 0.32 | 0.44 | 0.50 | 78 | Large Cap Blend Equities | SCL vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.57 | 0.61 | 95 | Dividend | SCL vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.09 | 0.21 | 66 | Consumer Defensive | |
| Canadian Utilities Limited | -0.03 | 0.09 | 0.15 | 98 | Utilities | |
| The Coca-Cola Company | 0.05 | 0.16 | 0.27 | 87 | Consumer Defensive | |
| AbbVie Inc. | 0.06 | 0.16 | 0.20 | 76 | Healthcare | |
| Johnson & Johnson | 0.06 | 0.18 | 0.21 | 96 | Healthcare |
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