Looking to balance out your exposure to META? The ETFs below have the lowest correlation with META — they tend to move on their own, which can help reduce risk when META drops. The stock ideas table highlights individual companies that behave independently from META.
Best Diversifiers for META
150 ETFs have low correlation with META (below 0.3), 29 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.21, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.21 | -0.05 | 0.06 | 55 | Energy Equities | META vs XLE | |
| Fidelity MSCI Energy Index ETF | -0.20 | -0.04 | 0.08 | 56 | Energy Equities | META vs FENY | |
| Vanguard Energy ETF | -0.20 | -0.04 | 0.08 | 56 | Energy Equities | META vs VDE | |
| iShares Global Energy ETF | -0.20 | -0.03 | 0.08 | 62 | Energy Equities | META vs IXC | |
| iShares Core High Dividend ETF | -0.13 | -0.01 | 0.17 | 81 | Dividend, Large Cap Value Equities | META vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from META, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to META and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.27 | -0.07 | 0.06 | 75 | Energy | |
| Equinor ASA | -0.26 | -0.04 | 0.02 | 78 | Energy | |
| Apache Corporation | -0.25 | -0.05 | 0.09 | 88 | Energy | |
| Occidental Petroleum Corporation | -0.24 | -0.07 | 0.06 | 68 | Energy | |
| EOG Resources, Inc. | -0.23 | -0.08 | 0.02 | 65 | Energy |
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Build a portfolio that complements META
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