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Fidelity Advisor International Value Fund Class M (FIVPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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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 fund invests in securities of companies that Fidelity Management & Research Company LLC (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). The advisor allocates investments across different countries and regions.

Looking to diversify beyond FIVPX? The mutual funds below have historically moved differently from FIVPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for FIVPX

0 mutual funds have low correlation with FIVPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.50, roughly unchanged from 0.56 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.500.490.56
80
Semiconductors, Technology EquitiesFIVPX vs FSELX
QFVOX
Pear Tree Polaris Foreign Value Fund0.510.620.70
88
Foreign Large Cap EquitiesFIVPX vs QFVOX
IVFIX
Federated Hermes International Strategic Value Div...0.530.600.72
88
Foreign Large Cap EquitiesFIVPX vs IVFIX
KGIIX
Kopernik International Fund0.610.500.62
66
Foreign Large Cap EquitiesFIVPX vs KGIIX
THOIX
Thornburg Global Opportunities Fund0.610.710.79
89
Foreign Large Cap EquitiesFIVPX vs THOIX
See all 29 diversifiers for FIVPX

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