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Fidelity Advisor Growth Opportunities Fund Class C (FACGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 16, 2026

The fund normally invests primarily in common stocks. It invests in companies that the advisor believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The fund invests in domestic and foreign issuers. The advisor uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.

Looking to diversify beyond FACGX? The mutual funds below have the lowest correlation with FACGX — 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 FACGX.

Best Diversifiers for FACGX

0 mutual funds have low correlation with FACGX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.46, down from 0.70 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BPTRX
Baron Partners Fund0.460.600.70
55
Large Cap Growth EquitiesFACGX vs BPTRX
DNVYX
Davis New York Venture Fund Class Y0.580.690.76
83
Large Cap Growth EquitiesFACGX vs DNVYX
IOLZX
ICON Equity Fund0.610.600.71
76
Large Cap Growth EquitiesFACGX vs IOLZX
VTMGX
Vanguard Developed Markets Index Fund Admiral Shar...0.630.640.70
57
Foreign Large Cap EquitiesFACGX vs VTMGX
ADX
Adams Diversified Equity Fund, Inc.0.690.770.83
84
Large Cap Blend EquitiesFACGX vs ADX
See all 34 diversifiers for FACGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FACGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FACGX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.56, roughly unchanged from 0.59 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TSLA
Tesla, Inc.0.560.550.59
64
Consumer Cyclical

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Diversification Analysis

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