Looking to diversify beyond FMNA.NEO? The ETFs below have the lowest correlation with FMNA.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 FMNA.NEO.
Best Diversifiers for FMNA.NEO
9 ETFs have low correlation with FMNA.NEO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Canadian Momentum Index ETF | -0.02 | — | — | 82 | Momentum, Canada Equities | FMNA.NEO vs FCCM.NEO | |
| Fidelity All-in-One Balanced ETF | 0.02 | — | — | 67 | Diversified Portfolio | FMNA.NEO vs FBAL.NEO | |
| Fidelity Global Innovators ETF | 0.02 | — | — | 90 | Technology Equities | FMNA.NEO vs FINN.NEO | |
| Fidelity US Momentum ETF | 0.03 | — | — | 65 | Momentum, Large Cap Growth Equities | FMNA.NEO vs FCMO.NEO | |
| Fidelity All-in-One Equity ETF Fund | 0.03 | — | — | 72 | Diversified Portfolio | FMNA.NEO vs FEQT.NEO |
See all 9 diversifiers for FMNA.NEO
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Diversification Analysis
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