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Fidelity Mid Cap Value K6 Fund (FCMVX) Diversifiers

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

The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap Index or the S&P MidCap 400 Index). The fund potentially invests in companies with smaller or larger market capitalizations.

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

Best Diversifiers for FCMVX

0 mutual funds have low correlation with FCMVX (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 0.53, down from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FBGRX
Fidelity Blue Chip Growth Fund0.530.570.67
73
Large Cap Growth EquitiesFCMVX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.540.550.62
96
Semiconductors, Technology EquitiesFCMVX vs FSELX
FNILX
Fidelity ZERO Large Cap Index Fund0.710.740.81
63
Large Cap Blend EquitiesFCMVX vs FNILX
FTIHX
Fidelity Total International Index Fund0.720.700.74
62
Foreign Large Cap EquitiesFCMVX vs FTIHX
FXAIX
Fidelity 500 Index Fund0.720.740.81
66
S&P 500FCMVX vs FXAIX
See all 29 diversifiers for FCMVX

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