Looking to balance out your exposure to META? The ETFs below have historically moved differently from META, 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 META
147 ETFs have low correlation with META (below 0.3), 30 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (Energy Equities) with a 1Y correlation of -0.24, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.24 | -0.03 | 0.12 | 50 | Energy Equities | META vs XOP | |
| Fidelity MSCI Energy Index ETF | -0.22 | -0.04 | 0.07 | 69 | Energy Equities | META vs FENY | |
| State Street Energy Select Sector SPDR ETF | -0.22 | -0.05 | 0.06 | 69 | Energy Equities | META vs XLE | |
| iShares Global Energy ETF | -0.22 | -0.03 | 0.07 | 74 | Energy Equities | META vs IXC | |
| Vanguard Energy ETF | -0.21 | -0.04 | 0.07 | 70 | Energy Equities | META vs VDE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for META, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.29, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.29 | -0.07 | 0.05 | 76 | Energy | |
| Equinor ASA | -0.29 | -0.05 | 0.01 | 83 | Energy | |
| Apache Corporation | -0.28 | -0.06 | 0.08 | 89 | Energy | |
| Occidental Petroleum Corporation | -0.26 | -0.07 | 0.05 | 68 | Energy | |
| Chevron Corporation | -0.25 | -0.08 | 0.03 | 76 | Energy |
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Build a portfolio that complements META
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