Looking to diversify beyond FSMG.L? The ETFs below have the lowest correlation with FSMG.L — 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 FSMG.L.
Best Diversifiers for FSMG.L
6 ETFs have low correlation with FSMG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Europe Quality Income UCITS ETF (FEUI.L) (Europe Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Europe Quality Income UCITS ETF | 0.12 | 0.11 | 0.07 | 60 | Europe Equities | FSMG.L vs FEUI.L | |
| Fidelity Emerging Markets Quality Income UCITS ETF | 0.19 | 0.13 | 0.10 | 92 | Emerging Markets Equities | FSMG.L vs FEMQ.L | |
| Fidelity Emerging Markets Quality Income UCITS ETF... | 0.19 | 0.10 | 0.06 | 84 | Emerging Markets Diversified | FSMG.L vs FEME.L | |
| Fidelity Emerging Markets Quality Income UCITS ETF | 0.23 | 0.14 | 0.11 | 93 | Emerging Markets Equities | FSMG.L vs FEMD.L | |
| Vanguard ESG Global Corporate Bond UCITS ETF GBP H... | 0.25 | 0.39 | 0.35 | 74 | Global Corporate Bonds | FSMG.L vs V3GS.L |
See all 13 diversifiers for FSMG.L
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Diversification Analysis
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