10 Stocks and 90 ETFs for diversifying FMCX (FM FOCUS EQUITY ETF)
The least correlated asset to FMCX (FM FOCUS EQUITY ETF) is ETF SPDN (DIREXION DAILY S&P 500 (R) BEAR 1X SHARES). The correlation is -0.9603.
Stocks that lowly correlated with FMCX
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.63 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.51 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.49 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.48 |
| VCXA | 10X Capital Venture Acquisition Corp II - Class A | $86M | N/A | N/A | -0.48 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.46 |
| GLIBA | GCI Liberty Inc - Class A | $926M | Communication Services | Telecom Services | -0.46 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.43 |
| HBNB | Hotel101 Global Holdings Corp | $1.36B | Real Estate | Real Estate Services | -0.42 |
| UBXG | U-BX Technology Ltd | $37M | Technology | Software - Infrastructure | -0.41 |