Looking to diversify beyond SCMB? The ETFs below have the lowest correlation with SCMB — 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 SCMB.
Best Diversifiers for SCMB
1351 ETFs have low correlation with SCMB (below 0.3), 102 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.30 | -0.15 | — | 65 | Oil & Gas | SCMB vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.14 | — | 54 | Leveraged Commodities | SCMB vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.15 | -0.12 | 55 | Oil & Gas | SCMB vs OILK | |
| Invesco DB Energy Fund | -0.29 | -0.15 | — | 71 | Oil & Gas | SCMB vs DBE | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.28 | -0.11 | -0.09 | 74 | Commodities | SCMB vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCMB and solid risk/return profiles. The least correlated is WisdomTree Inc. (WT) (Financial Services) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WisdomTree Inc. | 0.16 | 0.10 | — | 88 | Financial Services | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.40 | 0.55 | — | 78 | Financial Services |
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