18 Stocks and 82 ETFs for diversifying FENY (FIDELITY MSCI ENERGY INDEX ETF)
The least correlated asset to FENY (FIDELITY MSCI ENERGY INDEX ETF) is ETF DUG (ProShares UltraShort Energy). The correlation is -0.9596.
Stocks that lowly correlated with FENY
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| IBG | Innovation Beverage Group Ltd | $1.22M | Consumer Defensive | Beverages - Wineries & Distilleries | -0.63 |
| CAI | Caris Life Sciences Inc - Class A | $4.35B | Healthcare | Biotechnology | -0.57 |
| ELPW | Elong Power Holding Ltd | $645K | Industrials | Electrical Equipment & Parts | -0.55 |
| LHSW | Lianhe Sowell International Group Ltd | $9.40M | Technology | Software - Infrastructure | -0.54 |
| CHPGR | ChampionsGate Acquisition Corp | $257K | N/A | N/A | -0.51 |
| ARAI | Arrive AI Inc | $26M | Technology | Scientific & Technical Instruments | -0.51 |
| RDAC | Rising Dragon Acquisition Corp | $39M | Financial Services | Shell Companies | -0.50 |
| DGNX | Diginex Ltd | $31M | Industrials | Consulting Services | -0.50 |
| HONDW | HCM II Acquisition Corp. Warrant | $202M | N/A | N/A | -0.49 |
| BGM | Qilian International Holding Group Ltd - Class A | $7.45M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.49 |
| ANTA | Antalpha Platform Holding Company | $169M | Financial Services | Credit Services | -0.49 |
| AACT | Ares Acquisition Corporation II - Class A | $588M | Financial Services | Shell Companies | -0.47 |
| PMTW | Pennymac Mortgage Investment Trust | $2.23B | N/A | N/A | -0.47 |
| RAL | Ralliant Corporation | $6.99B | N/A | N/A | -0.47 |
| BACQ | Bleichroeder Acquisition Corp I - Class A | $545M | Financial Services | Shell Companies | -0.47 |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust | $1.73M | N/A | N/A | -0.46 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.46 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.45 |