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
333 ETFs have low correlation with METL (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.18 | -0.18 | -0.18 | 71 | Oil & Gas | METL vs DBE | |
| United States Oil Fund LP | -0.17 | -0.17 | -0.17 | 66 | Oil & Gas | METL vs USO | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.16 | -0.16 | 100 | Ultrashort Bond | METL vs SGOV | |
| United States Gasoline Fund LP | -0.14 | -0.14 | -0.14 | 71 | Oil & Gas | METL vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.12 | -0.12 | -0.12 | 56 | Derivative Income | METL vs USOY |
See all 1606 diversifiers for METL
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