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High CorrelationLow Correlation

23 Stocks and 77 ETFs for diversifying FCOM (FIDELITY MSCI COMMUNICATION SERVICES INDEX ETF)

The least correlated asset to FCOM (FIDELITY MSCI COMMUNICATION SERVICES INDEX ETF) is ETF QQQD (DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES). The correlation is -0.8431.

Stocks that lowly correlated with FCOM

SymbolName
Market cap
SectorIndustry
Correlation
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.78
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.65
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.64
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.64
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.62
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.62
AXINAxiom Intelligence Acquisition Corp 1 - Class A$341MFinancial ServicesShell Companies-0.62
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.60
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.59
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.59
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.57
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.55
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.53
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.52
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.51
BSAABEST SPAC I Acquisition Corp - Class A$63MFinancial ServicesShell Companies-0.49
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.48
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.48
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.48
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.47
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.47
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.46
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.45

ETFs that lowly correlated with FCOM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.84
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.83
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.80
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.80
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.80
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.76
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.76
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.76
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.75
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.74
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.74
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.74
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.73
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.73
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.72
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.72
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.72
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.71
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.71
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.71
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.71
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.71
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.71
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.71
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.71
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.70
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.68
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.68
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.67
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.67
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.66
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.66
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.65
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.65
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.65
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.64
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.64
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.62
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.62
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.61
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.60
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.59
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.59
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.59
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.58
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.57
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.57
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.57
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.57
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.57
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.57
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.57
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.57
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.56
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.56
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.56
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.55
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.55
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.52
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.52
SBITProShares UltraShort Bitcoin ETF$219MN/AApr 1, 2024-0.52
BITIProShares Short Bitcoin ETF$144M1.01%Jun 21, 2022-0.51
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.51
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.50
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.50
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.49
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.49
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.48
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.47
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.45
TSLQTradr 2X Short TSLA Daily ETF$114MN/AJul 13, 2022-0.45
TSLSDirexion Daily TSLA Bear 1X Shares$66M0.95%Aug 8, 2022-0.45
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.45