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21 Stocks and 79 ETFs for diversifying FFSM (FIDELITY FUNDAMENTAL SMALL-MID CAP ETF)

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

Stocks that lowly correlated with FFSM

SymbolName
Market cap
SectorIndustry
Correlation
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.62
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.59
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.54
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.53
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.52
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.50
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.49
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.48
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.48
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.47
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.47
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.46
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.46
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.46
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.45
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.43
CAPSCapstone Holding Corp$2.58MBasic MaterialsBuilding Materials-0.42
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.41
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.40
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.40
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.39

ETFs that lowly correlated with FFSM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.96
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.95
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.92
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.91
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.91
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.91
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.87
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.87
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.84
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.84
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.84
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.84
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.84
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.80
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.78
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.78
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.77
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.76
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.75
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.75
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.73
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.73
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.71
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.70
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.70
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.69
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.68
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.68
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.68
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.68
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.67
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.67
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.67
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.66
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.65
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.64
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.63
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.63
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.63
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.63
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.62
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.61
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.61
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.61
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.61
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.61
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.60
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.58
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.56
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.56
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.54
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.52
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.51
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.51
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.50
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.50
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.49
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.49
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.48
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.48
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.48
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.46
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.46
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.45
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.45
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.45
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.44
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.43
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.43
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.43
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.42
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.42
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.41
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.39