PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Fidelity Low-Priced Stock Fund (FLPSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests primarily in common stocks and invests at least 80% of its assets in low-priced stocks (those priced at or below $35 per share or with an earnings yield at or above the median for the Russell 2000 Index), which can lead to investments in small and medium-sized companies. It potentially invests in stocks not considered low-priced and in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both.

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

Best Diversifiers for FLPSX

1 mutual funds have low correlation with FLPSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.19, down from 0.35 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FFRHX
Fidelity Floating Rate High Income Fund0.190.300.35
92
High Yield BondsFLPSX vs FFRHX
FJRLX
Fidelity Limited Term Bond Fund0.310.200.14
62
Total Bond MarketFLPSX vs FJRLX
FPHAX
Fidelity Select Pharmaceuticals Portfolio0.410.460.49
53
Health & Biotech EquitiesFLPSX vs FPHAX
FOCPX
Fidelity OTC Portfolio0.470.530.62
93
Large Cap Growth EquitiesFLPSX vs FOCPX
FSELX
Fidelity Select Semiconductors Portfolio0.480.530.60
97
Semiconductors, Technology EquitiesFLPSX vs FSELX
See all 55 diversifiers for FLPSX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FLPSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLPSX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.36, roughly unchanged from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.360.340.46
89
Technology
TSM
Taiwan Semiconductor Manufacturing Company Limited0.410.440.49
95
Technology

Rows per page

1–2 of 2

Diversification Analysis

Build a portfolio that complements FLPSX

Add FLPSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FLPSX