Looking to balance out your exposure to MELI? The ETFs below have the lowest correlation with MELI — they tend to move on their own, which can help reduce risk when MELI drops. The stock ideas table highlights individual companies that behave independently from MELI.
Best Diversifiers for MELI
171 ETFs have low correlation with MELI (below 0.3), 11 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.18 | -0.10 | -0.03 | 100 | Government Bonds, Ultrashort Bond | MELI vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.04 | -0.03 | 100 | Ultrashort Bond | MELI vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | MELI vs USFR | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.08 | — | — | 100 | Ultrashort Bond | MELI vs VBIL | |
| PIMCO Enhanced Short Maturity Active ETF | -0.07 | 0.02 | 0.07 | 100 | Ultrashort Bond | MELI vs MINT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MELI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MELI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.02 | 0.04 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | -0.03 | 0.08 | 74 | Energy | |
| Chevron Corporation | -0.15 | -0.02 | 0.10 | 70 | Energy | |
| The Hershey Company | -0.14 | -0.02 | 0.01 | 51 | Consumer Defensive | |
| Ventas, Inc. | -0.13 | 0.07 | 0.18 | 89 | Real Estate |
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