68 Stocks and 32 ETFs for diversifying FMUN (FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF)
The least correlated asset to FMUN (FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.
Stocks that lowly correlated with FMUN
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| OPTN | OptiNose Inc | $112M | N/A | N/A | -1.00 |
| EPIX | Essa Pharma Inc | $8.93M | Healthcare | Biotechnology | -0.84 |
| ARX | Accelerant Holdings - Class A | $2.82B | Financial Services | Insurance Brokers | -0.83 |
| AACIW | Armada Acquisition Corp I - Warrants (13/08/2026) | $20M | N/A | N/A | -0.77 |
| TRON | Corner Growth Acquisition Corp 2 - Class A | $700M | Consumer Cyclical | Leisure | -0.75 |
| NEXT | NextDecade Corporation | $2.02B | Energy | Oil & Gas Equipment & Services | -0.73 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.71 |
| WHF | WhiteHorse Finance Inc | $141M | Financial Services | Asset Management | -0.70 |
| ATIF | ATIF Holdings Ltd | $6.07M | N/A | N/A | -0.70 |
| BIAF | BioAffinity Technologies Inc | $3.25M | Healthcare | Diagnostics & Research | -0.68 |
| CNL | Collective Mining Ltd. | $1.14B | Basic Materials | Gold | -0.68 |
| SFM | Sprouts Farmers Market Inc | $6.93B | Consumer Defensive | Grocery Stores | -0.68 |
| EPSN | Epsilon Energy Ltd | $166M | Energy | Oil & Gas E&p | -0.66 |
| PDEX | Pro-Dex Inc (co) | $181M | Healthcare | Medical Instruments & Supplies | -0.66 |
| AGRO | Adecoagro S.A. | $890M | Consumer Defensive | Farm Products | -0.65 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.65 |
| SWIN | Solowin Holdings | $54M | N/A | N/A | -0.64 |
| CTW | CTW Cayman - Class A | $147M | Communication Services | Electronic Gaming & Multimedia | -0.62 |
| EDSA | Edesa Biotech Inc | $61M | Healthcare | Biotechnology | -0.62 |
| ETOR | Etoro Group Ltd - Class A | $3.63B | Financial Services | Capital Markets | -0.62 |
| RAIN | Rain Enhancement Technologies Holdco, Inc. Class A Common Stock | $13M | Industrials | Pollution & Treatment Controls | -0.61 |
| MCHB | Mechanics Bank | $3.59B | Financial Services | Banks - Regional | -0.61 |
| STRZ | Starz Entertainment Corp | $468M | Communication Services | Entertainment | -0.61 |
| SHIP | Seanergy Maritime Holdings Corp | $322M | Industrials | Marine Shipping | -0.60 |
| ATHA | Athira Pharma Inc | $77M | Healthcare | Biotechnology | -0.60 |
| TRC | Tejon Ranch Company | $497M | Industrials | Conglomerates | -0.60 |
| CRE | Cre8 Enterprise Ltd Class A | $6.60M | Industrials | Specialty Business Services | -0.60 |
| PRAA | PRA Group Inc | $688M | Financial Services | Credit Services | -0.59 |
| KGEI | Kolibri Global Energy Inc | $184M | Energy | Oil & Gas E&p | -0.59 |
| CRCL | Circle Internet Group Inc - Class A | $16B | Financial Services | Capital Markets | -0.59 |
| LOCO | El Pollo Loco Holdings Inc | $501M | Consumer Cyclical | Restaurants | -0.58 |
| YOU | Clear Secure Inc Class A | $5.61B | Technology | Software - Application | -0.58 |
| CGNT | Cognyte Software Ltd | $653M | Technology | Software - Infrastructure | -0.58 |
| WTGUU | Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts) | $18M | Financial Services | Shell Companies | -0.57 |
| ANTX | AN2 Therapeutics Inc | $168M | Healthcare | Biotechnology | -0.57 |
| NDLS | Noodles & Company - Class A | $69M | Consumer Cyclical | Restaurants | -0.57 |
| COCH | Envoy Medical Inc - Class A | $50M | Healthcare | Medical Devices | -0.56 |
| ETS | Elite Express Holding Inc - Class A | $13M | Industrials | Trucking | -0.56 |
| RSVR | Reservoir Media Inc | $672M | Communication Services | Entertainment | -0.56 |
| BLSH | Bullish | $3.80B | Technology | Software - Infrastructure | -0.56 |
| AIFF | WaveDancer Inc | $17M | Technology | Software - Application | -0.56 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.55 |
| TECX | AvroBio Inc | $612M | Healthcare | Biotechnology | -0.55 |
| DEC | N/A | $961M | Energy | Oil & Gas Integrated | -0.54 |
| XAGE | Longevity Health Holdings Inc | $613K | Consumer Defensive | Household & Personal Products | -0.54 |
| ULY | Urgent.ly Inc | $12M | Technology | Software - Application | -0.54 |
| AFMD | Affimed N.V. | $2.98M | Healthcare | Biotechnology | -0.53 |
| DV | DoubleVerify Holdings Inc | $1.84B | Communication Services | Advertising Agencies | -0.53 |
| TPET | Trio Petroleum Corp | $13M | Energy | Oil & Gas E&p | -0.53 |
| MDRRP | Medalist Diversified REIT Inc | $28M | Real Estate | Reit - Diversified | -0.53 |
| FRES | Fresh2 Group Limited | $2.97M | Healthcare | Diagnostics & Research | -0.53 |
| NTBL | Notable Labs Inc Ord | $2.39M | Healthcare | Biotechnology | -0.53 |
| MCACU | ConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right) | $70M | Financial Services | Shell Companies | -0.53 |
| CVII | Churchill Capital Corp VII - Class A | $570M | Financial Services | Shell Companies | -0.53 |
| PXDT | Pixie Dust Technologies Inc | $8.62M | Technology | Consumer Electronics | -0.53 |
| AILE | iLearningEngines Holdings Inc - Class A | $59M | Technology | Software - Infrastructure | -0.53 |
| OMSE | OMS Energy Technologies Inc | $197M | Energy | Oil & Gas Equipment & Services | -0.52 |
| BWIN | The Baldwin Insurance Group Inc - Class A | $2.40B | Financial Services | Insurance Brokers | -0.52 |
| APADR | Enhanced Group Inc | $6.67M | N/A | N/A | -0.52 |
| AMBI | Ambipar Emergency Response - Class A | $148M | Industrials | Waste Management | -0.52 |
| PN | Skycorp Solar Group Ltd - Series A | $91M | Technology | Solar | -0.52 |
| SRDX | Surmodics Inc | $614M | Healthcare | Medical Devices | -0.52 |
| SRM | SRM Entertainment Inc | $2.31B | N/A | N/A | -0.51 |
| MOBX | Mobix Labs Inc - Class A | $20M | Technology | Semiconductors | -0.51 |
| EMPD | Empery Digital Inc | $98M | Consumer Cyclical | Auto Manufacturers | -0.51 |
| TLX | Telix Pharmaceuticals Ltd | $3.82B | Healthcare | Biotechnology | -0.50 |
| EQNR | Equinor ASA | $90B | Energy | Oil & Gas Integrated | -0.50 |
| CRT | Cross Timbers Royalty Trust | $56M | Energy | Oil & Gas E&p | -0.50 |