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
1210 ETFs have low correlation with SCMB (below 0.3), 50 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bastion Energy ETF | -0.29 | — | — | 81 | Energy Equities | SCMB vs BESF | |
| United States Gasoline Fund LP | -0.28 | -0.13 | — | 60 | Oil & Gas | SCMB vs UGA | |
| ProShares UltraShort Yen | -0.25 | -0.32 | — | 73 | Leveraged Currency | SCMB vs YCS | |
| Alerian Energy Infrastructure ETF | -0.24 | 0.04 | — | 55 | Energy Equities | SCMB vs ENFR | |
| VanEck Commodity Strategy ETF | -0.23 | -0.09 | — | 59 | Commodities | SCMB vs PIT |
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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 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WisdomTree Inc. | 0.16 | 0.12 | — | 83 | Financial Services | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.41 | 0.54 | — | 81 | Financial Services |
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