Fidelity Enhanced Mid Cap Growth ETF (FEMG) Diversifiers

ETF · Currency in USD · Last updated Jun 25, 2026

Fidelity Enhanced Mid Cap Growth ETF is an actively managed ETF that targets U.S. mid-cap companies with growth characteristics. The fund is part of Fidelity's Enhanced ETF suite and uses Fidelity's quantitative and fundamental research process to seek long-term capital appreciation.

Looking to diversify beyond FEMG? The ETFs below have the lowest correlation with FEMG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FEMG.

Best Diversifiers for FEMG

0 ETFs have low correlation with FEMG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.80, roughly unchanged from 0.80 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
VOO	Vanguard S&P 500 ETF	0.80	0.80	0.80	60	S&P 500	FEMG vs VOO

Diversification Analysis

Build a portfolio that complements FEMG

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