Overview Holdings Performance Dividends Similar Etfs Correlations

24 Stocks and 76 ETFs for diversifying FESM (FIDELITY ENHANCED SMALL CAP ETF)

The least correlated asset to FESM (FIDELITY ENHANCED SMALL CAP ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with FESM

Symbol	Name	Market cap	Sector	Industry	Correlation
VCXA	10X Capital Venture Acquisition Corp II - Class A	$86M	N/A	N/A	-1.00
BRLIU	Brilliant Acquisition Corp - Unit (1 Ordinary share 1 War and 1 Rts)	$6.42M	N/A	N/A	-1.00
BRLIR	Brilliant Acquisition Corp	$567K	N/A	N/A	-1.00
BRLI	Brilliant Acquisition Corp	$5.92M	N/A	N/A	-1.00
GSRM	Bitcoin Depot Inc - Class A	$54M	N/A	N/A	-0.83
CPTK	Crown PropTech Acquisitions - Class A	$147M	N/A	N/A	-0.74
AACIW	Armada Acquisition Corp I - Warrants (13/08/2026)	$20M	N/A	N/A	-0.59
SASI	Sigma Additive Solutions Inc	$37M	N/A	N/A	-0.58
TMDE	TMD Energy Ltd	$21M	Energy	Oil & Gas Midstream	-0.57
CPSR	Gelesis Holdings Inc - Class A	$1.87B	N/A	N/A	-0.55
PACH	Pioneer Acquisition I Corp - Class A	$260M	Financial Services	Shell Companies	-0.55
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.53
GATE	VISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF	$425M	Financial Services	Shell Companies	-0.50
SOCAU	Solarius Capital Acquisition Corp Units	$179M	Financial Services	Shell Companies	-0.50
GATEU	Marblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)	$340M	Financial Services	Shell Companies	-0.49
MLGO	MicroAlgo Inc	$31M	Technology	Software - Infrastructure	-0.49
MCTR	CTRL Group Ltd	$15M	Communication Services	Advertising Agencies	-0.48
CLIK	Click Holdings Ltd	$4.19M	Consumer Cyclical	Personal Services	-0.48
LWAC	LightWave Acquisition Corp - Class A	$221M	Financial Services	Shell Companies	-0.48
VSTA	Vasta Platform Ltd Class A	$394M	Consumer Defensive	Education & Training Services	-0.48
SMTK	SmartKem, Inc. Common Stock	$4.23M	Technology	Semiconductor Equipment & Materials	-0.48
EXC	Exelon Corp	$47B	Utilities	Utilities - Regulated Electric	-0.47
LZMH	LZ Technology Holdings Ltd - Class B	$9.02M	Technology	Information Technology Services	-0.46
ED	Consolidated Edison Inc	$40B	Utilities	Utilities - Regulated Electric	-0.45

ETFs that lowly correlated with FESM

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
XCOM	Ultra Communication Services Select Sector ETF	$384K	N/A	Jun 2, 2026	-1.00
ONG	Leverage Shares 2X Long ON Daily ETF	$1.90M	N/A	Jun 1, 2026	-1.00
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.97
FIYY	GRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF	$732K	1.07%	May 4, 2026	-0.97
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.94
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.94
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.91
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.91
CLIM	CLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF	$1.30M	0.90%	Mar 11, 2026	-0.89
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.89
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.88
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.88
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.84
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.83
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.83
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.83
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.82
BTAL	AGF U.S. MARKET NEUTRAL ANTI-BETA FUND	$283M	1.40%	Sep 13, 2011	-0.77
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$5.20M	N/A	Jan 3, 2024	-0.76
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$16M	1.11%	Aug 14, 2024	-0.76
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.75
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.74
TSMZ	DIREXION DAILY TSM BEAR 1X SHARES	$2.80M	1.01%	Oct 2, 2024	-0.73
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.73
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.72
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.72
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.71
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.71
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.70
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.69
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.67
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$82M	0.79%	Jun 28, 2024	-0.67
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.66
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.65
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.65
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.65
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.65
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.65
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.62
SLTY	YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF	$19M	1.25%	Aug 20, 2025	-0.61
SHRT	GOTHAM SHORT STRATEGIES ETF	$14M	1.35%	Jul 31, 2017	-0.61
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$16M	1.05%	May 1, 2024	-0.60
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.59
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.59
AMDD	T-REX 2X INVERSE AMD DAILY TARGET ETF	$16M	1.03%	Feb 11, 2025	-0.58
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.57
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.57
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.57
PANG	LEVERAGE SHARES 2X LONG PANW DAILY ETF	$8.90M	N/A	Mar 20, 2025	-0.56
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.55
MUD	Direxion Daily MU Bear 1X Shares	$76M	1.02%	Oct 9, 2024	-0.54
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.54
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.54
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	-0.54
QCMD	Direxion Daily QCOM Bear 1X ETF	$1.70M	1.00%	Jun 24, 2025	-0.53
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.53
GXPE	GLOBAL X PURECAP MSCI ENERGY ETF	$1.20M	0.15%	Jul 22, 2025	-0.52
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$10M	1.02%	Sep 6, 2022	-0.51
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.50
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.50
LDRT	ISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF	$132M	0.07%	Nov 7, 2024	-0.50
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.49
TSLS	Direxion Daily TSLA Bear 1X Shares	$66M	0.95%	Aug 8, 2022	-0.48
GGLS	Direxion Daily GOOGL Bear 1X ETF	$13M	1.02%	Sep 6, 2022	-0.48
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.48
METD	DIREXION DAILY META BEAR 1X SHARES	$7.90M	1.02%	Jun 5, 2024	-0.47
SETH	ProShares Short Ether ETF	$23M	0.95%	Nov 1, 2023	-0.47
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.47
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.47
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$7.50M	1.03%	Oct 9, 2024	-0.47
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$6.70M	N/A	Jun 17, 2025	-0.46
IONZ	Defiance Daily Target 2x Short IONQ ETF	$22M	N/A	Jun 23, 2025	-0.46
TSDD	GRANITESHARES 2X SHORT TSLA DAILY ETF	$39M	N/A	Aug 21, 2023	-0.46
ETHD	ProShares UltraShort Ether ETF	$86M	N/A	Jun 6, 2024	-0.46
TSLQ	Tradr 2X Short TSLA Daily ETF	$114M	N/A	Jul 13, 2022	-0.45
TSLZ	T-REX 2X INVERSE TESLA DAILY TARGET ETF	$31M	N/A	Oct 18, 2023	-0.44