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Fidelity Advisor Focused Emerging Markets Fund Class C (FMCKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It normally invests primarily in common stocks. The advisor allocates investments across different emerging market countries.

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

Best Diversifiers for FMCKX

0 mutual funds have low correlation with FMCKX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.52, down from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PZIEX
Pzena Emerging Markets Value Fund Institutional Cl...0.520.650.67
52
Emerging Markets EquitiesFMCKX vs PZIEX
WXCIX
William Blair Emerging Markets ex China Growth Fun...0.650.60—
90
Emerging Markets EquitiesFMCKX vs WXCIX
FNILX
Fidelity ZERO Large Cap Index Fund0.690.620.60
61
Large Cap Blend EquitiesFMCKX vs FNILX
FXAIX
Fidelity 500 Index Fund0.690.620.60
65
S&P 500FMCKX vs FXAIX
DEMAX
Nomura Emerging Markets Fund Class A0.690.740.81
96
Emerging Markets EquitiesFMCKX vs DEMAX
See all 26 diversifiers for FMCKX

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