Looking to diversify beyond METU? The ETFs below have the lowest correlation with METU — 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 METU.
Best Diversifiers for METU
599 ETFs have low correlation with METU (below 0.3), 107 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive U.S. Energy ETF | -0.23 | — | — | 55 | Energy Equities | METU vs DRLL | |
| Invesco DB Energy Fund | -0.22 | -0.07 | -0.07 | 71 | Oil & Gas | METU vs DBE | |
| United States Gasoline Fund LP | -0.20 | — | — | 71 | Oil & Gas | METU vs UGA | |
| United States Brent Oil Fund LP | -0.20 | -0.06 | -0.06 | 65 | Oil & Gas | METU vs BNO | |
| ProShares Ultra Oil & Gas | -0.19 | — | — | 62 | Leveraged Equities | METU vs DIG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from METU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to METU and solid risk/return profiles. The least correlated is PulteGroup, Inc. (PHM) (Consumer Cyclical) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PulteGroup, Inc. | 0.06 | 0.09 | 0.09 | 59 | Consumer Cyclical | |
| United Parcel Service, Inc. | 0.13 | 0.08 | 0.08 | 58 | Industrials | |
| Signet Jewelers Limited | 0.15 | 0.26 | 0.26 | 62 | Consumer Cyclical | |
| XL Axiata Tbk PT ADR | 0.16 | 0.12 | 0.12 | 54 | Communication Services | |
| Bank of America Corporation | 0.25 | 0.26 | 0.26 | 66 | Financial Services |
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