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
681 ETFs have low correlation with METU (below 0.3), 103 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.26 | -0.26 | 57 | Cryptocurrency | METU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | METU vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 68 | Inverse Equities, Leveraged Equities | METU vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | — | — | 70 | Derivative Income | METU vs WNTR | |
| First Trust Energy AlphaDEX Fund | -0.19 | — | — | 52 | Energy Equities | METU vs FXN |
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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 0.05, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PulteGroup, Inc. | 0.05 | 0.09 | 0.09 | 53 | Consumer Cyclical | |
| United Parcel Service, Inc. | 0.11 | — | — | 63 | Industrials | |
| Signet Jewelers Limited | 0.18 | 0.26 | 0.26 | 51 | Consumer Cyclical | |
| Bank of America Corporation | 0.25 | 0.25 | 0.25 | 79 | Financial Services |
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