Looking to diversify beyond SCRD? The ETFs below have the lowest correlation with SCRD — 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 SCRD.
Best Diversifiers for SCRD
158 ETFs have low correlation with SCRD (below 0.3), 31 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.26 | — | — | 66 | Systematic Trend | SCRD vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.09 | — | 67 | Commodities | SCRD vs FAAR | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.23 | -0.03 | 0.00 | 52 | Commodities | SCRD vs CMDY | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.23 | -0.03 | 0.01 | 53 | Commodities | SCRD vs DJP | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.23 | -0.03 | 0.01 | 52 | Commodities | SCRD vs COMB |
See all 1120 diversifiers for SCRD
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Diversification Analysis
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