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Fidelity Select Tech Hardware Portfolio (FDCPX) Diversifiers

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

The fund normally invests in common stocks. It invests at least 80% of assets in securities of companies principally engaged in development, manufacture, or distribution of tech hardware. The fund invests in domestic and foreign issuers. It 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 FDCPX? The mutual funds below have the lowest correlation with FDCPX — 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 FDCPX.

Best Diversifiers for FDCPX

2 mutual funds have low correlation with FDCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.03, down from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSENX
Fidelity Select Energy Portfolio0.030.180.29
78
Energy EquitiesFDCPX vs FSENX
FFGCX
Fidelity Global Commodity Stock Fund0.280.380.45
91
CommoditiesFDCPX vs FFGCX
AVALX
Aegis Value Fund0.360.380.46
94
Small Cap Value EquitiesFDCPX vs AVALX
FBIOX
Fidelity Select Biotechnology Portfolio0.380.430.51
80
Health & Biotech EquitiesFDCPX vs FBIOX
ARKVX
ARK Venture Fund0.380.51—
98
Technology EquitiesFDCPX vs ARKVX
See all 91 diversifiers for FDCPX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FDCPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDCPX and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.39, roughly unchanged from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
UTG
Reaves Utility Income Trust0.390.320.39
79
Financial Services
STX
Seagate Technology plc0.630.610.66
99
Technology

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