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Fidelity Advisor Semiconductors Fund Class I (FELIX) Diversifiers

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

The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment. 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. The fund is non-diversified.

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

Best Diversifiers for FELIX

0 mutual funds have low correlation with FELIX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.36, down from 0.51 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ARKVX
ARK Venture Fund0.360.51—
98
Technology EquitiesFELIX vs ARKVX
GTTIX
Gabelli Global Content & Connectivity Fund Class I0.390.460.57
82
Technology EquitiesFELIX vs GTTIX
FTIHX
Fidelity Total International Index Fund0.660.610.65
59
Foreign Large Cap EquitiesFELIX vs FTIHX
FZILX
Fidelity ZERO International Index Fund0.660.620.65
61
Large Cap Blend Equities, Foreign Large Cap EquitiesFELIX vs FZILX
FSSGX
Fidelity SAI Sustainable Emerging Markets Equity F...0.730.660.67
90
Emerging Markets DiversifiedFELIX vs FSSGX
See all 69 diversifiers for FELIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FELIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FELIX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.67, down from 0.85 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.670.790.85
82
Technology

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Diversification Analysis

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