Looking to balance out your exposure to SCSC? The ETFs below have the lowest correlation with SCSC — they tend to move on their own, which can help reduce risk when SCSC drops. The stock ideas table highlights individual companies that behave independently from SCSC.
No Diversifiers Found for SCSC
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 SCSC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCSC and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.06 | 0.08 | 0.06 | 91 | Healthcare | |
| Berkshire Hathaway Inc. | 0.13 | 0.25 | 0.34 | 53 | Financial Services | |
| NVIDIA Corporation | 0.15 | 0.22 | 0.30 | 65 | Technology | |
| Liberty Oilfield Services Inc. | 0.27 | 0.31 | 0.33 | 88 | Energy | |
| QUALCOMM Incorporated | 0.30 | 0.37 | 0.40 | 59 | Technology |
Build a portfolio that complements SCSC
Add SCSC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SCSC