Overview Performance Dividends Metrics Financials ETFs Industry Correlations

34 Stocks and 66 ETFs for diversifying MercadoLibre (MELI)

The least correlated asset to MercadoLibre (MELI) is ETF WEBS (DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES). The correlation is -0.6365.

Stocks that lowly correlated with MELI

Symbol	Name	Market cap	Sector	Industry	Correlation
VNMEU	Vendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)	$52M	Financial Services	Shell Companies	-0.61
OFSSO	OFS Capital Corp	$341M	N/A	N/A	-0.60
GTERU	Globa Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)	$53M	Financial Services	Shell Companies	-0.59
DFSC	DEFSEC Technologies Inc Com	$3.99M	Industrials	Aerospace & Defense	-0.54
CRCL	Circle Internet Group Inc - Class A	$16B	Financial Services	Capital Markets	-0.53
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.51
NCI	Neo Concept International Group Holdings Ltd	$48M	Consumer Cyclical	Apparel Manufacturing	-0.49
PSIG	PS International Group Ltd	$21M	Industrials	Integrated Freight & Logistics	-0.48
TMDE	TMD Energy Ltd	$21M	Energy	Oil & Gas Midstream	-0.47
CGCT	Cartesian Growth Corporation III Class A Ordinary Shares	$283M	Financial Services	Shell Companies	-0.46
ORIQU	Origin Investment Corp I - Units (1 Ord Cls & 1/2 War)	$22M	Financial Services	Shell Companies	-0.45
SHLT	SHL Telemedicine Ltd ADR	$39M	Healthcare	Health Information Services	-0.44
INACU	Indigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$34M	Financial Services	Shell Companies	-0.43
SDHIR	Siddhi Acquisition Corp	$1.13M	N/A	N/A	-0.42
VNMEW	Vendome Acquisition Corporation I Warrant	$2.70M	N/A	N/A	-0.41
ALM	Alma Metals Limited	$3.90B	Basic Materials	Other Industrial Metals & Mining	-0.41
FACTU	FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)	$56M	Financial Services	Shell Companies	-0.40
USOI	UBS AG London Branch	$205B	N/A	N/A	-0.39
ELOG	Eastern International Ltd	$9.59M	Industrials	Integrated Freight & Logistics	-0.37
RNERU	Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)	$125M	N/A	N/A	-0.37
DTSQU	DT Cloud Star Acquisition Corp - Units (1Ord & 1 Rts)	$75M	Financial Services	Shell Companies	-0.37
JLHL	Julong Holding Ltd - Class A	$219M	Industrials	Building Products & Equipment	-0.37
INACR	Indigo Acquisition Corp Right	$448K	N/A	N/A	-0.37
GXAI	Gaxos.AI Inc	$11M	Communication Services	Electronic Gaming & Multimedia	-0.36
ALZN	Alzamend Neuro Inc	$4.68M	Healthcare	Biotechnology	-0.36
NMAX	Newsmax Inc Class B	$1.09B	Communication Services	Broadcasting	-0.35
TE-WS	T1 Energy Inc Wt Exp	$19M	N/A	N/A	-0.35
LCCCR	Lakeshore Acquisition III Corp	$349K	N/A	N/A	-0.35
MNR	Mach Natural Resources LP	$2.20B	Energy	Oil & Gas E&p	-0.35
NIPG	NIP Group Inc	$82M	Communication Services	Entertainment	-0.35
TACH	Titan Acquisition Corp - Class A	$288M	Financial Services	Shell Companies	-0.35
TMUSL	TMobile US Inc 6.250 Senior Notes due 2069	$27B	N/A	N/A	-0.34
TVAIR	Thayer Ventures Acquisition Corporation II Rights	$166K	N/A	N/A	-0.34
SSEAU	Starry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)	$19M	Financial Services	Shell Companies	-0.34

ETFs that lowly correlated with MELI

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.64
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.58
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.58
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.55
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.54
BESF	BASTION ENERGY ETF	$33M	0.80%	Jun 3, 2025	-0.53
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.51
RBIL	F/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF	$139M	0.17%	Feb 24, 2025	-0.51
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.51
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.50
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.50
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.50
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.50
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.49
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.49
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.49
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.48
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.48
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.48
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.48
PLTD	T-REX 2X INVERSE PLTR DAILY TARGET ETF	$47M	0.98%	Dec 10, 2024	-0.47
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.47
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.47
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.47
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.46
USNG	AMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF	$7.40M	0.59%	May 19, 2025	-0.46
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.46
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.46
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.45
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.45
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.44
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$433M	0.51%	Dec 18, 2013	-0.44
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.43
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.43
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.43
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.43
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.43
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.43
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.43
BZQ	ProShares UltraShort MSCI Brazil Capped ETF -2x Shares	$3.20M	N/A	Jun 16, 2009	-0.42
IBGL	ISHARES IBONDS DEC 2055 TERM TREASURY ETF	$6M	0.07%	Mar 25, 2025	-0.42
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.42
AHLT	AMERICAN BEACON AHL TREND ETF	$131M	0.96%	Aug 30, 2023	-0.42
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.42
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.42
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.41
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.41
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.41
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.41
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.40
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.40
OILT	Texas Capital Texas Oil Index ETF	$12M	0.35%	Dec 20, 2023	-0.39
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.38
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.38
UUP	Invesco DB US Dollar Index Bullish Fund	$436M	0.75%	Feb 20, 2007	-0.38
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.37
XLEI	STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$40M	0.35%	Jul 29, 2025	-0.37
USOY	DEFIANCE OIL ENHANCED OPTIONS INCOME ETF	$56M	1.12%	May 9, 2024	-0.37
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.37
WZRD	Opportunistic Trader ETF	$976K	1.00%	Jun 24, 2025	-0.36
RSBY	RETURN STACKED(R) BONDS & FUTURES YIELD ETF	$64M	1.01%	Aug 20, 2024	-0.36
QQWZ	PACER CASH COWZ 100-NASDAQ 100 ROTATOR ETF	$39M	0.49%	May 6, 2025	-0.36
PMMF	iShares Prime Money Market ETF	$646M	0.20%	Feb 4, 2025	-0.36
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.35
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.35
GMMF	iShares Government Money Market ETF	$178M	0.20%	Feb 4, 2025	-0.35