Looking to balance out your exposure to METC? The ETFs below have the lowest correlation with METC — they tend to move on their own, which can help reduce risk when METC drops. The stock ideas table highlights individual companies that behave independently from METC.
Best Diversifiers for METC
1 ETFs have low correlation with METC (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.13, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.18 | 0.23 | 80 | Dividend | METC vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from METC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to METC and solid risk/return profiles. The least correlated is Aramark (ARMK) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aramark | -0.01 | 0.05 | 0.13 | 73 | Consumer Cyclical | |
| Kinross Gold Corporation | 0.10 | 0.13 | 0.17 | 79 | Basic Materials | |
| EchoStar Corporation | 0.12 | 0.10 | 0.13 | 99 | Technology | |
| Cloudflare, Inc. | 0.12 | 0.10 | 0.14 | 67 | Technology | |
| Select Energy Services, Inc. | 0.13 | 0.16 | 0.27 | 93 | Energy |
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