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Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks capital growth. 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 FAGAX? The mutual funds below have the lowest correlation with FAGAX — 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 FAGAX.

Best Diversifiers for FAGAX

0 mutual funds have low correlation with FAGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.39, down from 0.88 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EFCNX
Emerald Insights Fund0.390.800.88
98
Large Cap Growth EquitiesFAGAX vs EFCNX
FASDX
Fidelity Advisor Strategic Dividend & Income Fund ...0.460.550.65
85
Diversified PortfolioFAGAX vs FASDX
IOLZX
ICON Equity Fund0.570.580.70
70
Large Cap Growth EquitiesFAGAX vs IOLZX
SPHIX
Fidelity High Income Fund0.580.480.49
95
High Yield BondsFAGAX vs SPHIX
DNVYX
Davis New York Venture Fund Class Y0.580.700.76
84
Large Cap Growth EquitiesFAGAX vs DNVYX
See all 52 diversifiers for FAGAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FAGAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FAGAX and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
UNH
UnitedHealth Group Incorporated0.110.030.15
60
Healthcare

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Diversification Analysis

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