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
201 ETFs have low correlation with SCYB (below 0.3), 65 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.35 | -0.10 | -0.10 | 66 | Oil & Gas | SCYB vs USO | |
| ProShares UltraShort Yen | -0.34 | -0.25 | -0.25 | 63 | Leveraged Currency | SCYB vs YCS | |
| United States Brent Oil Fund LP | -0.34 | — | — | 65 | Oil & Gas | SCYB vs BNO | |
| Invesco DB Energy Fund | -0.34 | -0.09 | -0.09 | 71 | Oil & Gas | SCYB vs DBE | |
| Invesco DB Oil Fund | -0.33 | -0.08 | -0.08 | 65 | Oil & Gas | SCYB vs DBO |
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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 -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.13 | 0.03 | 0.03 | 85 | Energy | |
| ConocoPhillips Company | -0.13 | 0.04 | 0.04 | 76 | Energy | |
| Chevron Corporation | -0.12 | 0.06 | 0.06 | 83 | Energy | |
| Energy Transfer LP | -0.08 | 0.20 | 0.20 | 73 | Energy | |
| Altria Group, Inc. | -0.06 | 0.11 | 0.11 | 67 | Consumer Defensive |
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