30 Stocks and 70 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 -0.9692.
Stocks that lowly correlated with FMAT
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.69 |
| ORIQU | Origin Investment Corp I - Units (1 Ord Cls & 1/2 War) | $22M | Financial Services | Shell Companies | -0.65 |
| ELOG | Eastern International Ltd | $9.59M | Industrials | Integrated Freight & Logistics | -0.61 |
| PACH | Pioneer Acquisition I Corp - Class A | $260M | Financial Services | Shell Companies | -0.58 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.56 |
| LHAI | Linkhome Holdings Inc | $19M | Real Estate | Real Estate Services | -0.56 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $213M | Financial Services | Shell Companies | -0.53 |
| AII | American Integrity Insurance Group Inc | $358M | Financial Services | Insurance - Property & Casualty | -0.49 |
| OMDA | Omada Health Inc | $1.41B | Healthcare | Health Information Services | -0.49 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.48 |
| TWNP | Twin Hospitality Group Inc. Class A Common Stock | $4.08M | Consumer Cyclical | Restaurants | -0.48 |
| TACH | Titan Acquisition Corp - Class A | $288M | Financial Services | Shell Companies | -0.48 |
| ONCHU | 1RT Acquisition Corp - Units (1 Ord Cls A & 1 War) | $39M | Financial Services | Shell Companies | -0.47 |
| SAFX | XCF Global Inc | $145M | Utilities | Utilities - Renewable | -0.45 |
| OFSSO | OFS Capital Corp | $341M | N/A | N/A | -0.45 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.43 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.43 |
| RYOJ | rYojbaba Co. Ltd | $51M | Industrials | Consulting Services | -0.43 |
| BMGL | Basel Medical Group Ltd | $9.61M | Healthcare | Medical Care Facilities | -0.43 |
| HNGE | Hinge Health Inc - Class A | $6.74B | Healthcare | Health Information Services | -0.43 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.41 |
| DAIC | CID HoldCo Inc | $40M | Technology | Information Technology Services | -0.41 |
| DBTX | Decibel Therapeutics Inc | $123M | N/A | N/A | -0.41 |
| 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 |
| EDHL | Everbright Digital Holding Ltd | $5.88M | Communication Services | Advertising Agencies | -0.40 |
| FLAC | Frazier Lifesciences Acquisition Corp - Class A | $175M | N/A | N/A | -0.39 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.39 |
| PROP | Prairie Operating Co. Common Stock | $60M | Energy | Oil & Gas E&p | -0.38 |
| FIGX | FIGX Capital Acquisition Corp - Class A | $159M | Financial Services | Shell Companies | -0.38 |