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
142 ETFs have low correlation with SCRD (below 0.3), 23 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.26, down from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.09 | — | 70 | Commodities | SCRD vs FAAR | |
| Fidelity Managed Futures ETF | -0.24 | — | — | 64 | Systematic Trend | SCRD vs FFUT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | — | — | 99 | Ultrashort Bond | SCRD vs CSHP | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.22 | — | — | 50 | Commodities | SCRD vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.21 | -0.05 | -0.02 | 53 | Commodities | SCRD vs FTGC |
See all 1135 diversifiers for SCRD
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