Looking to diversify beyond MEME? The ETFs below have historically moved differently from MEME, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MEME
311 ETFs have low correlation with MEME (below 0.3), 25 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.08 | -0.08 | -0.08 | 95 | Mortgage Backed Securities | MEME vs FTSD | |
| Direxion Daily Healthcare Bull 3x Shares | -0.08 | -0.08 | -0.08 | 57 | Leveraged Equities, Healthcare Equities | MEME vs CURE | |
| First Trust Value Line Dividend Index Fund | -0.06 | -0.06 | -0.06 | 58 | Mid Cap Value Equities, Dividend | MEME vs FVD | |
| Brookmont Catastrophic Bond ETF | -0.06 | -0.06 | -0.06 | 97 | Nontraditional Bonds | MEME vs ILS | |
| JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ... | -0.03 | -0.03 | -0.03 | 86 | Government Bonds, Short-Term Bond | MEME vs BBSB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEME, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Airbnb, Inc. (ABNB) (Consumer Cyclical) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Airbnb, Inc. | 0.12 | 0.12 | 0.12 | 63 | Consumer Cyclical | |
| Alibaba Group Holding Limited | 0.27 | 0.27 | 0.27 | 50 | Consumer Cyclical | |
| Opendoor Technologies Inc. | 0.46 | 0.46 | 0.46 | 73 | Real Estate |
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