Looking to balance out your exposure to SCL? The ETFs below have the lowest correlation with SCL — they tend to move on their own, which can help reduce risk when SCL drops. The stock ideas table highlights individual companies that behave independently from SCL.
Best Diversifiers for SCL
0 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 0.35, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.41 | 0.48 | 70 | S&P 500 | SCL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.41 | 0.49 | 70 | S&P 500 | SCL vs SPY | |
| Vanguard Total Stock Market ETF | 0.38 | 0.45 | 0.51 | 68 | Large Cap Blend Equities | SCL vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.49 | 0.57 | 0.62 | 80 | Dividend | SCL vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.12 | 0.23 | 69 | Consumer Defensive | |
| Canadian Utilities Limited | 0.02 | 0.10 | 0.16 | 90 | Utilities | |
| The Coca-Cola Company | 0.06 | 0.15 | 0.27 | 66 | Consumer Defensive | |
| Johnson & Johnson | 0.09 | 0.18 | 0.22 | 92 | Healthcare | |
| AbbVie Inc. | 0.10 | 0.16 | 0.21 | 62 | Healthcare |
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