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Fidelity Small Cap Value Fund (FCPVX) Diversifiers

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

The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies with small market capitalizations. The fund invests in securities of companies that Fidelity Management & Research Company LLC (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). It invests in domestic and foreign issuers.

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

Best Diversifiers for FCPVX

0 mutual funds have low correlation with FCPVX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.44, down from 0.58 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
AVALX
Aegis Value Fund0.440.510.58
87
Small Cap Value EquitiesFCPVX vs AVALX
FOCPX
Fidelity OTC Portfolio0.490.520.63
92
Large Cap Growth EquitiesFCPVX vs FOCPX
VITAX
Vanguard Information Technology Index Fund Admiral...0.510.540.63
65
Technology EquitiesFCPVX vs VITAX
FBGRX
Fidelity Blue Chip Growth Fund0.520.550.65
73
Large Cap Growth EquitiesFCPVX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.520.510.60
96
Semiconductors, Technology EquitiesFCPVX vs FSELX
See all 59 diversifiers for FCPVX

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