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Fidelity Series Small Cap Discovery Fund (FJACX) Diversifiers

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

The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies with small market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2000 Index or the S&P SmallCap 600 Index). The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both. 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 FJACX? The mutual funds below have the lowest correlation with FJACX — 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 FJACX.

Best Diversifiers for FJACX

0 mutual funds have low correlation with FJACX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.55, roughly unchanged from 0.64 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.550.560.64
96
Semiconductors, Technology EquitiesFJACX vs FSELX
FBGRX
Fidelity Blue Chip Growth Fund0.580.600.70
73
Large Cap Growth EquitiesFJACX vs FBGRX
FTIHX
Fidelity Total International Index Fund0.670.670.72
62
Foreign Large Cap EquitiesFJACX vs FTIHX
AUERX
Auer Growth Fund0.710.760.80
83
Small Cap Blend EquitiesFJACX vs AUERX
FNILX
Fidelity ZERO Large Cap Index Fund0.750.750.81
63
Large Cap Blend EquitiesFJACX vs FNILX
See all 38 diversifiers for FJACX

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Diversification Analysis

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