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Fidelity Series Small Cap Discovery Fund (FJACX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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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 historically moved differently from FJACX, 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 FJACX

0 mutual funds have low correlation with FJACX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity China Region Fund (FHKCX) (China Equities) with a 1Y correlation of 0.58, roughly unchanged from 0.51 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FHKCX
Fidelity China Region Fund0.580.490.51
84
China Equities, Asia Pacific EquitiesFJACX vs FHKCX
FOCPX
Fidelity OTC Portfolio0.580.570.67
76
Large Cap Growth EquitiesFJACX vs FOCPX
DFISX
DFA International Small Company Portfolio0.610.640.71
60
Foreign Small & Mid Cap Equities, Small Cap Blend EquitiesFJACX vs DFISX
FSELX
Fidelity Select Semiconductors Portfolio0.630.570.65
80
Semiconductors, Technology EquitiesFJACX vs FSELX
FSPSX
Fidelity International Index Fund0.650.650.71
70
Foreign Large Cap EquitiesFJACX vs FSPSX
See all 48 diversifiers for FJACX

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