Looking to diversify beyond FSMP.L? The ETFs below have the lowest correlation with FSMP.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 FSMP.L.
Best Diversifiers for FSMP.L
5 ETFs have low correlation with FSMP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity US Quality Income ETF Acc (FUQA.L) (Large Cap Blend Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity US Quality Income ETF Acc | 0.12 | 0.11 | 0.10 | 75 | Large Cap Blend Equities, Dividend | FSMP.L vs FUQA.L | |
| Fidelity Global Quality Income ETF | 0.22 | 0.19 | 0.16 | 85 | Global Equities, Dividend | FSMP.L vs FGQD.L | |
| Fidelity US Quality Income ETF Acc | 0.25 | 0.17 | 0.13 | 68 | Dividend, Large Cap Blend Equities | FSMP.L vs FUSA.L | |
| Fidelity Sustainable Research Enhanced US Equity U... | 0.25 | 0.14 | 0.12 | 75 | Large Cap Blend Equities | FSMP.L vs FUSS.L | |
| Fidelity US Quality Income ETF Inc | 0.26 | 0.16 | 0.13 | 70 | Large Cap Blend Equities, Dividend | FSMP.L vs FUSD.L |
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