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Fidelity Advisor Small Cap Value Fund Class M (FCVTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks capital appreciation. 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 FCVTX? The mutual funds below have historically moved differently from FCVTX, 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 FCVTX

0 mutual funds have low correlation with FCVTX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.41, down from 0.57 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
AVALX
Aegis Value Fund Class I0.410.500.57
94
Small Cap Value EquitiesFCVTX vs AVALX
FSELX
Fidelity Select Semiconductors Portfolio0.530.510.60
80
Semiconductors, Technology EquitiesFCVTX vs FSELX
PVCMX
Palm Valley Capital Fund Investor Class0.570.620.62
73
Small Cap Value EquitiesFCVTX vs PVCMX
FSPSX
Fidelity International Index Fund0.650.650.70
70
Foreign Large Cap EquitiesFCVTX vs FSPSX
FTIHX
Fidelity Total International Index Fund0.670.670.71
73
Foreign Large Cap EquitiesFCVTX vs FTIHX
See all 46 diversifiers for FCVTX

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