Looking to diversify beyond MEME? The ETFs below have the lowest correlation with MEME — 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 MEME.
Best Diversifiers for MEME
268 ETFs have low correlation with MEME (below 0.3), 12 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.51 | -0.51 | -0.51 | 57 | Cryptocurrency | MEME vs BITI | |
| Invesco DB Energy Fund | -0.09 | -0.09 | -0.09 | 53 | Oil & Gas | MEME vs DBE | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.05 | -0.05 | -0.05 | 76 | Large Cap Value Equities, Dividend | MEME vs FDL | |
| Calvert Ultra-Short Investment Grade ETF | -0.04 | -0.04 | — | 99 | Ultrashort Bond | MEME vs CVSB | |
| 3EDGE Dynamic Fixed Income ETF | -0.02 | -0.02 | — | 73 | Intermediate Core Bond | MEME vs EDGF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEME and solid risk/return profiles. The least correlated is Airbnb, Inc. (ABNB) (Consumer Cyclical) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Airbnb, Inc. | 0.15 | 0.15 | 0.15 | 53 | Consumer Cyclical |
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