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
1276 ETFs have low correlation with SCMB (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.16 | — | 57 | Oil & Gas | SCMB vs DBE | |
| Bastion Energy ETF | -0.29 | — | — | 85 | Energy Equities | SCMB vs BESF | |
| United States Gasoline Fund LP | -0.29 | -0.14 | -0.12 | 84 | Oil & Gas | SCMB vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.29 | -0.14 | -0.12 | 52 | Commodities | SCMB vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.13 | — | 54 | Commodities | SCMB vs GSG |
To view more results, upgrade your current subscription plan.
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 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WisdomTree Inc. | 0.16 | 0.11 | — | 82 | Financial Services | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.41 | 0.54 | — | 82 | Financial Services |
Build a portfolio that complements SCMB
Add SCMB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCMB