Looking to diversify beyond SCYB? The ETFs below have the lowest correlation with SCYB — 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 SCYB.
Best Diversifiers for SCYB
167 ETFs have low correlation with SCYB (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.39 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.39 | — | 51 | Currency | SCYB vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.39 | -0.39 | 68 | Inverse Equities, Leveraged Equities | SCYB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | SCYB vs WNTR | |
| ProShares Short Bitcoin ETF | -0.36 | -0.30 | -0.30 | 57 | Cryptocurrency | SCYB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SCYB vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCYB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCYB and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | 0.02 | 0.02 | 75 | Energy | |
| ConocoPhillips Company | -0.17 | 0.03 | 0.03 | 66 | Energy | |
| Devon Energy Corporation | -0.17 | 0.11 | 0.11 | 72 | Energy | |
| Chevron Corporation | -0.17 | 0.04 | — | 70 | Energy | |
| Occidental Petroleum Corporation | -0.13 | 0.06 | 0.06 | 62 | Energy |
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