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Fidelity Advisor Small Cap Growth Fund Class A (FCAGX) Diversifiers

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

The fund invests primarily in common stocks. It invests at least 80% of its assets in securities of companies with small market capitalizations. The fund invests in companies that Fidelity Management & Research Company LLC (FMR) believes have above-average growth potential (stocks of these companies are often called "growth" stocks). It invests in domestic and foreign issuers. The fund 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 FCAGX? The mutual funds below have the lowest correlation with FCAGX — 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 FCAGX.

Best Diversifiers for FCAGX

2 mutual funds have low correlation with FCAGX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) (Global Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PRSNX
T. Rowe Price Global Multi-Sector Bond Fund0.240.230.19
91
Global BondsFCAGX vs PRSNX
PRFRX
T. Rowe Price Floating Rate Fund0.280.270.27
96
High Yield BondsFCAGX vs PRFRX
FBGRX
Fidelity Blue Chip Growth Fund0.680.670.75
73
Large Cap Growth EquitiesFCAGX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.710.690.74
96
Semiconductors, Technology EquitiesFCAGX vs FSELX
FTIHX
Fidelity Total International Index Fund0.740.700.73
62
Foreign Large Cap EquitiesFCAGX vs FTIHX
See all 29 diversifiers for FCAGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FCAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCAGX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.44, down from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
USB
U.S. Bancorp0.440.530.55
83
Financial Services
BAC
Bank of America Corporation0.450.500.55
75
Financial Services
ON
ON Semiconductor Corporation0.540.570.64
91
Technology

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Diversification Analysis

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