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Fidelity Value Fund (FDVLX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks capital appreciation. The fund invests primarily in common stocks. It invests in securities of companies that possess valuable fixed assets or that Fidelity Management & Research Company LLC (FMR) believes are undervalued in the marketplace in relation to factors such as assets, earnings, or growth potential (stocks of these companies are often called "value" stocks). The fund focuses investments in medium-sized companies, but also may invest substantially in larger or smaller companies. It invests in domestic and foreign issuers.

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

Best Diversifiers for FDVLX

2 mutual funds have low correlation with FDVLX (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 0.17, down from 0.57 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSENX
Fidelity Select Energy Portfolio0.170.460.57
79
Energy EquitiesFDVLX vs FSENX
FFRHX
Fidelity Floating Rate High Income Fund0.200.290.35
92
High Yield BondsFDVLX vs FFRHX
FPHAX
Fidelity Select Pharmaceuticals Portfolio0.410.440.47
53
Health & Biotech EquitiesFDVLX vs FPHAX
FOCKX
Fidelity OTC Portfolio Class K0.470.510.62
93
Large Cap Growth EquitiesFDVLX vs FOCKX
FSELX
Fidelity Select Semiconductors Portfolio0.490.510.60
97
Semiconductors, Technology EquitiesFDVLX vs FSELX
See all 48 diversifiers for FDVLX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FDVLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDVLX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.35, down from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.350.330.46
89
Technology
TSM
Taiwan Semiconductor Manufacturing Company Limited0.400.410.47
95
Technology

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Diversification Analysis

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