Looking to balance out your exposure to MEYYY? The ETFs below have the lowest correlation with MEYYY — they tend to move on their own, which can help reduce risk when MEYYY drops. The stock ideas table highlights individual companies that behave independently from MEYYY.
Best Diversifiers for MEYYY
1 ETFs have low correlation with MEYYY (below 0.3), 1 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 -0.06, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | -0.03 | -0.04 | 70 | S&P 500 | MEYYY vs SPY |
Diversification Analysis
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