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Fidelity Stock Selector Small Cap Fund (FDSCX) Diversifiers

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

The investment seeks capital appreciation. The fund invests primarily in common stocks. It invests at least 80% of assets in stocks of companies with small market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2000 Index or the S&P SmallCap 600 Index). The adviser allocates its assets across different market sectors (at present, communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities), using different Fidelity managers.

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

Best Diversifiers for FDSCX

0 mutual funds have low correlation with FDSCX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund (PRGTX) (Technology Equities) with a 1Y correlation of 0.57, roughly unchanged from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PRGTX
T. Rowe Price Global Technology Fund0.570.600.67
87
Technology EquitiesFDSCX vs PRGTX
FPADX
Fidelity Emerging Markets Index Fund0.580.550.58
85
Emerging Markets DiversifiedFDSCX vs FPADX
FOCPX
Fidelity OTC Portfolio0.590.610.71
92
Large Cap Growth EquitiesFDSCX vs FOCPX
FBGRX
Fidelity Blue Chip Growth Fund0.620.650.75
73
Large Cap Growth EquitiesFDSCX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.620.610.68
96
Semiconductors, Technology EquitiesFDSCX vs FSELX
See all 84 diversifiers for FDSCX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FDSCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDSCX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.32, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.320.380.51
76
Technology
TSLA
Tesla, Inc.0.410.450.49
59
Consumer Cyclical

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Diversification Analysis

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