Looking to diversify beyond SCRD? The ETFs below have historically moved differently from SCRD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SCRD
192 ETFs have low correlation with SCRD (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.22 | — | 72 | Oil & Gas | SCRD vs DBE | |
| United States Brent Oil Fund LP | -0.41 | -0.21 | — | 52 | Oil & Gas | SCRD vs BNO | |
| Invesco DB Oil Fund | -0.39 | -0.20 | — | 58 | Oil & Gas | SCRD vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.37 | -0.18 | — | 58 | Commodities | SCRD vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.16 | — | 67 | Commodities | SCRD vs GSG |
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