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Fidelity Advisor Small Cap Value Fund Class Z (FIKNX) 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 securities of companies with small market capitalizations. The fund invests in securities of companies that Fidelity Management & Research Company (FMR) believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). It invests in domestic and foreign issuers.

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

Best Diversifiers for FIKNX

0 mutual funds have low correlation with FIKNX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.44, down from 0.58 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
AVALX
Aegis Value Fund0.440.520.58
87
Small Cap Value EquitiesFIKNX vs AVALX
FSELX
Fidelity Select Semiconductors Portfolio0.510.520.60
96
Semiconductors, Technology EquitiesFIKNX vs FSELX
VITAX
Vanguard Information Technology Index Fund Admiral...0.510.550.63
65
Technology EquitiesFIKNX vs VITAX
FBGRX
Fidelity Blue Chip Growth Fund0.510.550.66
73
Large Cap Growth EquitiesFIKNX vs FBGRX
FTIHX
Fidelity Total International Index Fund0.680.680.72
62
Foreign Large Cap EquitiesFIKNX vs FTIHX
See all 32 diversifiers for FIKNX

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