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Fidelity Advisor Short-Term Bond Fund Class M (FBNTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks to obtain a high level of current income consistent with preservation of capital. 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 FBNTX? The mutual funds below have historically moved differently from FBNTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for FBNTX

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

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.02-0.030.02
80
Semiconductors, Technology EquitiesFBNTX vs FSELX
FXAIX
Fidelity 500 Index Fund0.180.080.09
64
S&P 500FBNTX vs FXAIX
FNILX
Fidelity ZERO Large Cap Index Fund0.180.090.10
59
Large Cap Blend EquitiesFBNTX vs FNILX
FSKAX
Fidelity Total Market Index Fund0.190.090.10
63
Large Cap Blend EquitiesFBNTX vs FSKAX
FZROX
Fidelity ZERO Total Market Index Fund0.190.100.10
64
Large Cap Blend EquitiesFBNTX vs FZROX
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