Looking to diversify beyond SCZ? The ETFs below have historically moved differently from SCZ, 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 SCZ
222 ETFs have low correlation with SCZ (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.35 | -0.30 | 56 | Leveraged Currency | SCZ vs YCS | |
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 61 | Cryptocurrency | SCZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SCZ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.33 | -0.33 | 61 | Inverse Equities, Leveraged Equities | SCZ vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.36 | -0.36 | 75 | Derivative Income | SCZ vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SCZ, 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 U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.42 | 0.44 | 0.50 | 88 | Financial Services |
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