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
5 ETFs have low correlation with FSMG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Emerging Markets Quality Income UCITS ETF (FEMQ.L) (Emerging Markets Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Emerging Markets Quality Income UCITS ETF | 0.18 | 0.10 | 0.10 | 94 | Emerging Markets Equities | FSMG.L vs FEMQ.L | |
| Fidelity Emerging Markets Quality Income UCITS ETF | 0.19 | 0.11 | 0.11 | 94 | Emerging Markets Equities | FSMG.L vs FEMD.L | |
| Fidelity US Quality Income ETF Inc | 0.27 | 0.21 | 0.18 | 70 | Large Cap Blend Equities, Dividend | FSMG.L vs FUSD.L | |
| Fidelity US Quality Income ETF Acc | 0.28 | 0.25 | 0.15 | 68 | Dividend, Large Cap Blend Equities | FSMG.L vs FUSA.L | |
| Fidelity Global Quality Income UCITS ETF (Inc) USD | 0.30 | 0.23 | 0.22 | 70 | Global Equity Income, Dividend | FSMG.L vs FGQI.L |
See all 11 diversifiers for FSMG.L
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