Looking to balance out your exposure to MEI? The ETFs below have the lowest correlation with MEI — they tend to move on their own, which can help reduce risk when MEI drops. The stock ideas table highlights individual companies that behave independently from MEI.
Best Diversifiers for MEI
0 ETFs have low correlation with MEI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.45 | 0.50 | 70 | S&P 500 | MEI vs VOO |
Diversification Analysis
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