Looking to diversify beyond METW? The ETFs below have the lowest correlation with METW — 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 METW.
Best Diversifiers for METW
418 ETFs have low correlation with METW (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.21 | -0.21 | 71 | Oil & Gas | METW vs DBE | |
| iShares U.S. Energy ETF | -0.20 | -0.20 | -0.20 | 63 | Energy Equities | METW vs IYE | |
| iShares Global Energy ETF | -0.19 | -0.19 | -0.19 | 76 | Energy Equities | METW vs IXC | |
| First Trust Energy AlphaDEX Fund | -0.19 | -0.19 | -0.19 | 67 | Energy Equities | METW vs FXN | |
| Fidelity MSCI Energy Index ETF | -0.19 | -0.19 | -0.19 | 64 | Energy Equities | METW vs FENY |
See all 1136 diversifiers for METW
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements METW
Add METW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with METW