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
1440 ETFs have low correlation with SCO (below 0.3), 109 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.88, roughly unchanged from -0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.88 | -0.86 | -0.86 | 72 | Oil & Gas | SCO vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.88 | -0.89 | -0.90 | 51 | Commodities | SCO vs PDBC | |
| United States Commodity Index Fund | -0.78 | -0.74 | -0.75 | 65 | Commodities | SCO vs USCI | |
| VanEck Commodity Strategy ETF | -0.78 | -0.83 | — | 69 | Commodities | SCO vs PIT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.77 | -0.72 | -0.74 | 65 | Commodities | SCO vs SDCI |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.08, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.08 | -0.01 | -0.04 | 51 | Industrials | |
| Advanced Micro Devices, Inc. | 0.03 | -0.04 | -0.07 | 97 | Technology | |
| NVIDIA Corporation | 0.05 | -0.03 | -0.06 | 69 | Technology | |
| QUALCOMM Incorporated | 0.06 | -0.05 | -0.09 | 60 | Technology | |
| Intel Corporation | 0.06 | -0.03 | -0.08 | 98 | Technology |
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Build a portfolio that complements SCO
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