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Fidelity Advisor Canada Fund Class Z (FIQEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The investment seeks growth of capital over the long term. The fund normally invests at least 80% of assets in securities of Canadian issuers and other investments that are tied economically to Canada. It invests potentially in securities of U.S. issuers. The fund normally invests primarily in common stocks. It invests up to 35% of total assets in any industry that accounts for more than 20% of the Canadian market. The fund 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 FIQEX? The mutual funds below have the lowest correlation with FIQEX — 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 FIQEX.

Best Diversifiers for FIQEX

1 mutual funds have low correlation with FIQEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.29, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.290.410.50
92
Semiconductors, Technology EquitiesFIQEX vs FSELX
IVFIX
Federated Hermes International Strategic Value Div...0.400.500.63
63
Foreign Large Cap EquitiesFIQEX vs IVFIX
PTSIX
PIMCO RAE PLUS International Fund0.410.450.53
83
Foreign Large Cap EquitiesFIQEX vs PTSIX
FBGRX
Fidelity Blue Chip Growth Fund0.430.510.59
61
Large Cap Growth EquitiesFIQEX vs FBGRX
TIVFX
American Beacon Tocqueville International Value Fu...0.450.560.66
84
Foreign Large Cap EquitiesFIQEX vs TIVFX
See all 32 diversifiers for FIQEX

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