33 Stocks and 67 ETFs for diversifying MercadoLibre (MELI)
The least correlated asset to MercadoLibre (MELI) is ETF TNGY (TORTOISE ENERGY ETF). The correlation is -0.6416.
Stocks that lowly correlated with MELI
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| QSEA | Quartzsea Acquisition Corp | $87M | Financial Services | Shell Companies | -0.60 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.54 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.53 |
| NCI | Neo Concept International Group Holdings Ltd | $22M | Consumer Cyclical | Apparel Manufacturing | -0.51 |
| NMAX | Newsmax Inc Class B | $1B | Communication Services | Broadcasting | -0.49 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.49 |
| SHLT | SHL Telemedicine Ltd ADR | $39M | Healthcare | Health Information Services | -0.47 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.45 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.45 |
| PSIG | PS International Group Ltd | $21M | Industrials | Integrated Freight & Logistics | -0.44 |
| CSAI | Cloudastructure Inc - Class A | $8.98M | Technology | Software - Infrastructure | -0.44 |
| GSHR | Gesher Acquisition Corp II - Class A | $155M | Financial Services | Shell Companies | -0.44 |
| CRAQ | Cal Redwood Acquisition Corp | $320M | Financial Services | Shell Companies | -0.41 |
| LCCCR | Lakeshore Acquisition III Corp | $500K | N/A | N/A | -0.41 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.41 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.39 |
| USOI | UBS AG London Branch | $234B | N/A | N/A | -0.38 |
| ALZN | Alzamend Neuro Inc | $4.38M | Healthcare | Biotechnology | -0.37 |
| SLDE | Slide Insurance Holdings Inc | $2.20B | Financial Services | Insurance - Property & Casualty | -0.37 |
| RNERU | Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt) | $125M | N/A | N/A | -0.37 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.36 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.36 |
| MNR | Mach Natural Resources LP | $2.26B | Energy | Oil & Gas E&p | -0.36 |
| GXAI | Gaxos.AI Inc | $11M | Communication Services | Electronic Gaming & Multimedia | -0.36 |
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.36 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.36 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.35 |
| EONR | HNR Acquisition Corp | $22M | Energy | Oil & Gas E&p | -0.34 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.34 |
| GRO | Brazil Potash Corp | $132M | Basic Materials | Other Industrial Metals & Mining | -0.34 |
| NIPG | NIP Group Inc | $124M | Communication Services | Entertainment | -0.33 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.32 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.32 |