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Fidelity Advisor Short-Term Bond Fund Class C (FANCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Its manager manages the fund to have similar overall interest rate risk to the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. The fund normally maintains a dollar-weighted average maturity of three years or less. It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.

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

Best Diversifiers for FANCX

8 mutual funds have low correlation with FANCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.03-0.010.02
97
Semiconductors, Technology EquitiesFANCX vs FSELX
FBGRX
Fidelity Blue Chip Growth Fund0.080.060.07
75
Large Cap Growth EquitiesFANCX vs FBGRX
FZROX
Fidelity ZERO Total Market Index Fund0.130.110.10
72
Large Cap Blend EquitiesFANCX vs FZROX
FXAIX
Fidelity 500 Index Fund0.130.090.09
73
S&P 500FANCX vs FXAIX
FSKAX
Fidelity Total Market Index Fund0.130.100.09
71
Large Cap Blend EquitiesFANCX vs FSKAX
See all 18 diversifiers for FANCX

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