Looking to balance out your exposure to MET? The ETFs below have the lowest correlation with MET — they tend to move on their own, which can help reduce risk when MET drops. The stock ideas table highlights individual companies that behave independently from MET.
Best Diversifiers for MET
9 ETFs have low correlation with MET (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.02 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | MET vs SHV | |
| iMGP DBi Managed Futures Strategy ETF | 0.05 | 0.09 | 0.08 | 76 | Systematic Trend | MET vs DBMF | |
| iShares Semiconductor ETF | 0.11 | 0.21 | 0.33 | 95 | Semiconductors, Technology Equities | MET vs SOXX | |
| VanEck Rare Earth and Strategic Metals ETF | 0.12 | 0.21 | 0.32 | 82 | Rare Earth & Strategic Metals | MET vs REMX | |
| Invesco Solar ETF | 0.16 | 0.25 | 0.28 | 65 | Alternative Energy Equities | MET vs TAN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MET and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.04 | 0.11 | 0.24 | 99 | Technology | |
| Broadcom Inc. | -0.02 | 0.10 | 0.22 | 71 | Technology | |
| Altria Group, Inc. | 0.00 | 0.18 | 0.29 | 74 | Consumer Defensive | |
| Valero Energy Corporation | 0.04 | 0.24 | 0.35 | 91 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.05 | 0.13 | 0.22 | 93 | Technology |
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