Looking to diversify beyond SCYB? The ETFs below have historically moved differently from SCYB, 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 SCYB
205 ETFs have low correlation with SCYB (below 0.3), 88 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | SCYB vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | SCYB vs WNTR | |
| ProShares Short Bitcoin ETF | -0.38 | -0.29 | — | 61 | Cryptocurrency | SCYB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SCYB vs SBIT | |
| ProShares UltraShort Yen | -0.34 | -0.26 | -0.25 | 56 | Leveraged Currency | SCYB vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCYB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.24, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.24 | 0.01 | 0.01 | 84 | Energy | |
| Devon Energy Corporation | -0.21 | 0.08 | 0.09 | 76 | Energy | |
| ConocoPhillips Company | -0.21 | 0.01 | 0.02 | 72 | Energy | |
| Chevron Corporation | -0.19 | 0.03 | 0.03 | 80 | Energy | |
| Occidental Petroleum Corporation | -0.18 | 0.04 | 0.04 | 70 | Energy |
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