29 Stocks and 71 ETFs for diversifying FMAT (FIDELITY MSCI MATERIALS INDEX ETF)
The least correlated asset to FMAT (FIDELITY MSCI MATERIALS INDEX ETF) is ETF SMN (ProShares UltraShort Materials). The correlation is -0.9699.
Stocks that lowly correlated with FMAT
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $20M | Financial Services | Shell Companies | -0.53 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $54M | Financial Services | Shell Companies | -0.53 |
| APUS | Apimeds Pharmaceuticals US Inc | $1.82M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.51 |
| AII | American Integrity Insurance Group Inc | $328M | Financial Services | Insurance - Property & Casualty | -0.49 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.48 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.48 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.47 |
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.47 |
| EDHL | Everbright Digital Holding Ltd | $4.80M | Communication Services | Advertising Agencies | -0.45 |
| DAIC | CID HoldCo Inc | $5.39M | Technology | Information Technology Services | -0.45 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.44 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.44 |
| OMDA | Omada Health Inc | $975M | Healthcare | Health Information Services | -0.43 |
| BMGL | Basel Medical Group Ltd | $11M | Healthcare | Medical Care Facilities | -0.42 |
| DFSC | DEFSEC Technologies Inc Com | $8.73M | Industrials | Aerospace & Defense | -0.42 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.42 |
| DBTX | Decibel Therapeutics Inc | $123M | N/A | N/A | -0.41 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.40 |
| BGM | Qilian International Holding Group Ltd - Class A | $7.45M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.40 |
| VCKAU | Scilex Holding Company - Units (1 Ord & 1/2 War) | $37M | N/A | N/A | -0.40 |
| RAAQ | Real Asset Acquisition Corp - Class A | $196M | Financial Services | Shell Companies | -0.40 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.40 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.39 |
| PROP | Prairie Operating Co. Common Stock | $81M | Energy | Oil & Gas E&p | -0.38 |
| YSXT | Ysx Tech Co.Ltd - Class A | $24M | Industrials | Specialty Business Services | -0.38 |
| NTWOU | Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $183M | Financial Services | Shell Companies | -0.38 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.37 |
| TVAIU | Thayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts) | $10M | Financial Services | Shell Companies | -0.36 |
| STRZ | Starz Entertainment Corp | $380M | Communication Services | Entertainment | -0.36 |