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Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500 Index). It invests in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks).

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

Best Diversifiers for FBLEX

1 mutual funds have low correlation with FBLEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.24, down from 0.79 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LEIFX
Federated Hermes Equity Income Fund0.240.600.79
65
Large Cap Value EquitiesFBLEX vs LEIFX
FSELX
Fidelity Select Semiconductors Portfolio0.430.430.54
96
Semiconductors, Technology EquitiesFBLEX vs FSELX
FBGRX
Fidelity Blue Chip Growth Fund0.470.460.55
73
Large Cap Growth EquitiesFBLEX vs FBGRX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.490.630.74
78
Large Cap Value EquitiesFBLEX vs SVAIX
HDCTX
Rational Equity Armor Fund0.600.600.70
55
Large Cap Value EquitiesFBLEX vs HDCTX
See all 209 diversifiers for FBLEX

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