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
10 ETFs have low correlation with MET (below 0.3), 1 of which are negatively correlated. The least correlated is USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) (Commodities) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.10 | 0.02 | 0.16 | 72 | Commodities | MET vs SDCI | |
| iShares 0-1 Year Treasury Bond ETF | 0.01 | -0.03 | -0.04 | 100 | Government Bonds, Ultrashort Bond | MET vs SHV | |
| iMGP DBi Managed Futures Strategy ETF | 0.02 | 0.08 | 0.06 | 86 | Systematic Trend | MET vs DBMF | |
| iShares Semiconductor ETF | 0.04 | 0.18 | 0.31 | 91 | Semiconductors, Technology Equities | MET vs SOXX | |
| Freedom 100 Emerging Markets ETF | 0.10 | 0.21 | 0.34 | 83 | Emerging Markets Diversified | MET vs FRDM |
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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 -0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.07 | 0.10 | 0.22 | 99 | Technology | |
| Broadcom Inc. | -0.07 | 0.07 | 0.21 | 67 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.01 | 0.10 | 0.21 | 89 | Technology | |
| Altria Group, Inc. | 0.03 | 0.17 | 0.28 | 80 | Consumer Defensive | |
| NVIDIA Corporation | 0.03 | 0.07 | 0.21 | 63 | Technology |
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