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Fidelity Series Growth Company Fund (FCGSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund normally invests primarily in common stocks. It invests in companies that Fidelity Management & Research Company (FMR) believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The fund invests in domestic and foreign issuers. The advisor 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 FCGSX? The mutual funds below have the lowest correlation with FCGSX — 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 FCGSX.

Best Diversifiers for FCGSX

0 mutual funds have low correlation with FCGSX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.38, down from 0.87 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EFCNX
Emerald Insights Fund0.380.790.87
98
Large Cap Growth EquitiesFCGSX vs EFCNX
DNVYX
Davis New York Venture Fund Class Y0.600.680.74
84
Large Cap Growth EquitiesFCGSX vs DNVYX
IOLZX
ICON Equity Fund0.600.570.69
70
Large Cap Growth EquitiesFCGSX vs IOLZX
VTMGX
Vanguard Developed Markets Index Fund Admiral Shar...0.650.630.68
55
Large Cap Growth Equities, Foreign Large Cap EquitiesFCGSX vs VTMGX
FZIPX
Fidelity ZERO Extended Market Index Fund0.660.650.75
57
Mid Cap Blend EquitiesFCGSX vs FZIPX
See all 113 diversifiers for FCGSX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FCGSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCGSX and solid risk/return profiles. The least correlated is Cmb.Tech NV (CMBT) (Energy) with a 1Y correlation of 0.17, roughly unchanged from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CMBT
Cmb.Tech NV0.170.160.18
85
Energy
TFSL
TFS Financial Corporation0.240.270.35
79
Financial Services

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