Looking to diversify beyond SCOP? The ETFs below have the lowest correlation with SCOP — 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 SCOP.
No Diversifiers Found for SCOP
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCOP and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.43 | 0.43 | 0.43 | 62 | Financial Services |
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