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Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 12, 2026

The investment seeks capital appreciation. The fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. It invests primarily in common stocks. The advisor allocates investments across different countries and regions. The advisor 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 FIATX? The mutual funds below have the lowest correlation with FIATX — 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 FIATX.

Best Diversifiers for FIATX

0 mutual funds have low correlation with FIATX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.32, down from 0.56 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVFIX
Federated Hermes International Strategic Value Div...0.320.430.56
61
Foreign Large Cap EquitiesFIATX vs IVFIX
PTSIX
PIMCO RAE PLUS International Fund0.440.480.52
82
Foreign Large Cap EquitiesFIATX vs PTSIX
SAHMX
SA International Value Fund0.510.520.59
89
Foreign Large Cap EquitiesFIATX vs SAHMX
EPDPX
EuroPac International Dividend Income Fund Class A0.570.540.58
75
Foreign Large Cap Equities, DividendFIATX vs EPDPX
EPDIX
EuroPac International Dividend Income Fund0.570.540.58
76
Foreign Large Cap EquitiesFIATX vs EPDIX
See all 25 diversifiers for FIATX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FIATX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIATX and solid risk/return profiles. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.64, roughly unchanged from 0.63 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BCAT
BlackRock Capital Allocation Term Trust0.640.570.63
94
Financial Services

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