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Fidelity International Discovery Fund Class K (FIDKX) Diversifiers

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

The investment seeks long-term growth of capital. The fund invests primarily in non-U.S. securities. It invests in common stocks. The advisor allocates the fund's 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 FIDKX? The mutual funds below have the lowest correlation with FIDKX — 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 FIDKX.

Best Diversifiers for FIDKX

0 mutual funds have low correlation with FIDKX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE PLUS International Fund (PTSIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.54, roughly unchanged from 0.62 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PTSIX
PIMCO RAE PLUS International Fund0.540.570.62
75
Foreign Large Cap EquitiesFIDKX vs PTSIX
KGIIX
Kopernik International Fund0.570.460.58
54
Foreign Large Cap EquitiesFIDKX vs KGIIX
SAHMX
SA International Value Fund0.590.620.70
88
Foreign Large Cap EquitiesFIDKX vs SAHMX
EPDPX
EuroPac International Dividend Income Fund Class A0.620.620.68
74
Foreign Large Cap Equities, DividendFIDKX vs EPDPX
EPDIX
EuroPac International Dividend Income Fund0.620.620.68
75
Foreign Large Cap EquitiesFIDKX vs EPDIX
See all 28 diversifiers for FIDKX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FIDKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIDKX and solid risk/return profiles. The least correlated is Eversource Energy (ES) (Utilities) with a 1Y correlation of 0.17, roughly unchanged from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ES
Eversource Energy0.170.150.19
62
Utilities

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