Looking to diversify beyond METL? The ETFs below have historically moved differently from METL, 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 METL
415 ETFs have low correlation with METL (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | METL vs MSTZ | |
| iShares U.S. Insurance ETF | -0.16 | -0.16 | -0.16 | 53 | Financials Equities | METL vs IAK | |
| United States Oil Fund LP | -0.16 | -0.16 | -0.16 | 55 | Oil & Gas | METL vs USO | |
| Invesco DB Energy Fund | -0.16 | -0.16 | -0.16 | 72 | Oil & Gas | METL vs DBE | |
| United States Gasoline Fund LP | -0.13 | -0.13 | -0.13 | 87 | Oil & Gas | METL vs UGA |
See all 1673 diversifiers for METL
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