Looking to diversify beyond METL? The ETFs below have the lowest correlation with METL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from METL.
Best Diversifiers for METL
277 ETFs have low correlation with METL (below 0.3), 37 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.15 | -0.15 | 100 | Ultrashort Bond | METL vs SGOV | |
| United States Gasoline Fund LP | -0.14 | -0.14 | -0.14 | 55 | Oil & Gas | METL vs UGA | |
| Vanguard Ultra-Short Treasury ETF | -0.13 | -0.13 | -0.13 | 99 | Ultrashort Bond, Government Bonds | METL vs VGUS | |
| ProShares UltraShort Yen | -0.13 | -0.13 | -0.13 | 63 | Leveraged Currency | METL vs YCS | |
| F/m US Treasury 3 Month Bill ETF | -0.11 | -0.11 | -0.11 | 100 | Ultrashort Bond | METL vs TBIL |
See all 1424 diversifiers for METL
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Diversification Analysis
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