Looking to diversify beyond FGLS.NEO? The ETFs below have the lowest correlation with FGLS.NEO — 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 FGLS.NEO.
Best Diversifiers for FGLS.NEO
15 ETFs have low correlation with FGLS.NEO (below 0.3), 15 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.57 | — | — | 55 | Technology Equities | FGLS.NEO vs FTEC | |
| Fidelity Nasdaq Composite Index ETF | -0.51 | — | — | 54 | Large Cap Growth Equities | FGLS.NEO vs ONEQ | |
| Rareview Systematic Equity ETF | -0.44 | — | — | 52 | Long-Short | FGLS.NEO vs RSEE | |
| Convergence Long/Short Equity ETF | -0.43 | — | — | 95 | Long-Short, Actively Managed | FGLS.NEO vs CLSE | |
| Fidelity Enhanced Large Cap Core ETF | -0.42 | — | — | 64 | Large Cap Blend Equities | FGLS.NEO vs FELC |
See all 15 diversifiers for FGLS.NEO
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