Looking to balance out your exposure to MESO? The ETFs below have the lowest correlation with MESO — they tend to move on their own, which can help reduce risk when MESO drops. The stock ideas table highlights individual companies that behave independently from MESO.
Best Diversifiers for MESO
0 ETFs have low correlation with MESO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.36 | 0.30 | 0.36 | 70 | S&P 500 | MESO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MESO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MESO and solid risk/return profiles. The least correlated is Alliance Entertainment Holding Corporation Class A Common Stock (AENT) (Communication Services) with a 1Y correlation of 0.09, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Entertainment Holding Corporation Class A... | 0.09 | 0.07 | 0.05 | 66 | Communication Services | |
| AppLovin Corporation | 0.12 | 0.15 | 0.21 | 59 | Technology | |
| United States Antimony Corporation | 0.15 | 0.11 | 0.12 | 82 | Basic Materials | |
| Red Cat Holdings, Inc. | 0.17 | 0.17 | 0.17 | 69 | Technology | |
| Intuitive Machines Inc. | 0.19 | 0.15 | — | 86 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MESO
Add MESO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MESO