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
338 ETFs have low correlation with METL (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.40 | -0.40 | 57 | Cryptocurrency | METL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | METL vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.38 | -0.38 | 51 | Currency | METL vs UUP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | -0.19 | -0.19 | 96 | Inflation-Protected Bonds | METL vs IBID | |
| Invesco DB Energy Fund | -0.17 | -0.17 | -0.17 | 53 | Oil & Gas | METL vs DBE |
See all 1514 diversifiers for METL
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