Overview Holdings Performance Dividends Similar Etfs Correlations

18 Stocks and 82 ETFs for diversifying FCOM (FIDELITY MSCI COMMUNICATION SERVICES INDEX ETF)

The least correlated asset to FCOM (FIDELITY MSCI COMMUNICATION SERVICES INDEX ETF) is ETF WEBS (DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES). The correlation is -0.8333.

Stocks that lowly correlated with FCOM

Symbol	Name	Market cap	Sector	Industry	Correlation
TACH	Titan Acquisition Corp - Class A	$286M	Financial Services	Shell Companies	-0.63
CRAQ	Cal Redwood Acquisition Corp	$320M	Financial Services	Shell Companies	-0.61
RNERU	Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)	$125M	N/A	N/A	-0.60
IPCX	Inflection Point Acquisition Corp III - Class A	$261M	Financial Services	Shell Companies	-0.59
EMA	Emera Incorporated	$16B	Utilities	Utilities - Regulated Electric	-0.57
CHPG	ChampionsGate Acquisition Corp - Class A	$77M	Financial Services	Shell Companies	-0.56
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.55
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.54
HMCO	HumanCo Acquisition Corp - Class A	$387M	N/A	N/A	-0.48
CLIK	Click Holdings Ltd	$4.19M	Consumer Cyclical	Personal Services	-0.45
DAAQ	Digital Asset Acquisition Corp - Class A	$178M	Financial Services	Shell Companies	-0.45
GSHR	Gesher Acquisition Corp II - Class A	$155M	Financial Services	Shell Companies	-0.43
RDAG	Republic Digital Acquisition Co. - Class A	$310M	Financial Services	Shell Companies	-0.42
NYAX	Nayax Ltd	$3.09B	Technology	Software - Infrastructure	-0.41
SLDE	Slide Insurance Holdings Inc	$2.20B	Financial Services	Insurance - Property & Casualty	-0.41
WSBK	Winchester Bancorp Inc	$119M	Financial Services	Banks - Regional	-0.41
LCCC	Lakeshore Acquisition III Corp	$72M	Financial Services	Shell Companies	-0.41
LGPS	LogProstyle Inc	$16M	Industrials	Conglomerates	-0.41

ETFs that lowly correlated with FCOM

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.83
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$23M	0.50%	Mar 6, 2024	-0.83
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.80
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.80
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.79
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.79
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.78
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.78
AIBD	DIREXION DAILY AI AND BIG DATA BEAR 2X SHARES	$4.20M	N/A	May 15, 2024	-0.78
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.76
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.76
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$68M	0.92%	Nov 5, 2021	-0.76
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.74
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.74
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.74
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.73
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$14M	1.11%	Aug 14, 2024	-0.73
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.73
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.73
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.73
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.72
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.72
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.72
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.72
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.72
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.71
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.71
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.71
TNGY	TORTOISE ENERGY ETF	$600M	0.85%	Dec 27, 2010	-0.68
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.68
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.67
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$6.90M	1.03%	Oct 9, 2024	-0.67
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.67
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.66
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$932K	N/A	Oct 23, 2007	-0.65
EFZ	ProShares Short MSCI EAFE -1X Shares	$16M	0.95%	Oct 23, 2007	-0.65
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$9.80M	1.05%	Jul 23, 2024	-0.65
ETHD	ProShares UltraShort Ether ETF	$84M	N/A	Jun 6, 2024	-0.64
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.70M	1.01%	Oct 2, 2024	-0.64
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$17M	1.02%	Sep 6, 2022	-0.64
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.64
SETH	ProShares Short Ether ETF	$16M	0.95%	Nov 1, 2023	-0.64
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.64
EPV	ProShares UltraShort FTSE Europe -2X Shares	$14M	N/A	Jun 16, 2009	-0.63
TAIL	CAMBRIA TAIL RISK ETF	$157M	0.59%	Apr 5, 2017	-0.62
EWV	ProShares UltraShort MSCI Japan -2x Shares	$7.20M	N/A	Nov 6, 2007	-0.62
FNGD	Bank of Montreal	$68M	N/A	Jan 22, 2018	-0.61
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.60
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.60
SRTY	ProShares UltraPro Short Russell2000 -3x Shares	$81M	N/A	Feb 9, 2010	-0.60
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.59
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$6.10M	N/A	Oct 30, 2007	-0.59
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.59
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$8.80M	0.95%	Oct 30, 2007	-0.58
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.58
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$23M	1.01%	Sep 12, 2023	-0.57
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.57
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$19M	1.05%	May 1, 2024	-0.57
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.56
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$75M	N/A	Aug 21, 2023	-0.56
NVDQ	T-Rex 2X Inverse NVIDIA Daily Target ETF	$36M	N/A	Oct 18, 2023	-0.56
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$9.60M	N/A	Jan 3, 2024	-0.55
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.55
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$39M	1.05%	Jul 9, 2024	-0.53
AAPD	DIREXION DAILY AAPL BEAR 1X SHARES	$16M	0.96%	Aug 8, 2022	-0.51
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$37M	N/A	Dec 17, 2008	-0.51
MSFD	DIREXION DAILY MSFT BEAR 1X SHARES	$42M	1.02%	Sep 6, 2022	-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
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.48
BITI	ProShares Short Bitcoin ETF	$187M	1.01%	Jun 21, 2022	-0.48
GGLS	DIREXION DAILY GOOGL BEAR 1X SHARES	$17M	1.02%	Sep 6, 2022	-0.47
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.46
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.45
TSLQ	Tradr 2X Short TSLA Daily ETF	$159M	N/A	Jul 13, 2022	-0.45
TSLS	Direxion Daily TSLA Bear 1X Shares	$76M	0.95%	Aug 8, 2022	-0.45
DRIP	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES	$117M	N/A	May 28, 2015	-0.45
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	$26M	N/A	Jul 9, 2024	-0.45
RXD	ProShares UltraShort Health Care -2x Shares	$4.90M	N/A	Jan 30, 2007	-0.45
SBIT	ProShares UltraShort Bitcoin ETF	$183M	N/A	Apr 1, 2024	-0.44
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.50M	N/A	Apr 6, 2010	-0.44
CONI	GRANITESHARES 2X SHORT COIN DAILY ETF	$17M	N/A	Sep 4, 2024	-0.44
PLTD	T-REX 2X INVERSE PLTR DAILY TARGET ETF	$29M	0.98%	Dec 10, 2024	-0.42