Looking to diversify beyond SCO? The ETFs below have the lowest correlation with SCO — 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 SCO.
Best Diversifiers for SCO
1335 ETFs have low correlation with SCO (below 0.3), 78 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of -0.79, roughly unchanged from -0.83 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | -0.79 | -0.83 | — | 57 | Commodities | SCO vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.74 | -0.59 | -0.56 | 71 | Commodities | SCO vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.72 | -0.72 | -0.73 | 53 | Commodities | SCO vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.72 | — | — | 53 | Commodities | SCO vs CERY | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.72 | -0.78 | -0.79 | 52 | Commodities | SCO vs CMDT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCO and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.05, up from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.05 | -0.03 | -0.07 | 97 | Technology | |
| American Electric Power Company, Inc. | 0.07 | 0.05 | 0.01 | 84 | Utilities | |
| QUALCOMM Incorporated | 0.07 | -0.03 | -0.09 | 71 | Technology | |
| Intel Corporation | 0.08 | -0.03 | -0.09 | 99 | Technology | |
| NVIDIA Corporation | 0.10 | -0.01 | -0.06 | 76 | Technology |
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Build a portfolio that complements SCO
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Analyze a portfolio with SCO