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Fidelity Advisor Value Strategies Fund Class I (FASOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The fund normally invests primarily in common stocks. It invests in securities of companies that the advisor believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, or growth potential (stocks of these companies are often called "value" stocks). The advisor focuses investments in medium-sized companies, but also may invest substantially in larger or smaller companies. The fund invests in domestic and foreign issuers.

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

Best Diversifiers for FASOX

0 mutual funds have low correlation with FASOX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.50, down from 0.65 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FBGRX
Fidelity Blue Chip Growth Fund0.500.550.65
54
Large Cap Growth EquitiesFASOX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.510.520.60
94
Semiconductors, Technology EquitiesFASOX vs FSELX
FXAIX
Fidelity 500 Index Fund0.700.730.79
52
S&P 500FASOX vs FXAIX
FZROX
Fidelity ZERO Total Market Index Fund0.740.770.83
52
Large Cap Blend EquitiesFASOX vs FZROX
FSKAX
Fidelity Total Market Index Fund0.740.770.83
52
Large Cap Blend EquitiesFASOX vs FSKAX
See all 52 diversifiers for FASOX

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Diversification Analysis

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