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Fidelity Mid-Cap Stock Fund (FMCSX) Diversifiers

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

The fund normally invests at least 80% of assets in common stocks of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap Index or the S&P MidCap 400 Index). It potentially invests in companies with smaller or larger market capitalizations. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both.

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

Best Diversifiers for FMCSX

0 mutual funds have low correlation with FMCSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Emerging Markets K (FKEMX) (Emerging Markets Equities) with a 1Y correlation of 0.62, roughly unchanged from 0.63 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FKEMX
Fidelity Emerging Markets K0.620.600.63
69
Emerging Markets EquitiesFMCSX vs FKEMX
FEMKX
Fidelity Emerging Markets Fund0.620.600.63
69
Emerging Markets EquitiesFMCSX vs FEMKX
FOCPX
Fidelity OTC Portfolio0.640.620.68
88
Large Cap Growth EquitiesFMCSX vs FOCPX
FBGRX
Fidelity Blue Chip Growth Fund0.660.650.71
61
Large Cap Growth EquitiesFMCSX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.660.620.66
92
Semiconductors, Technology EquitiesFMCSX vs FSELX
See all 66 diversifiers for FMCSX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FMCSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMCSX and solid risk/return profiles. The least correlated is Fomento Económico Mexicano, S.A.B. de C.V. (FMX) (Consumer Defensive) with a 1Y correlation of 0.23, down from 0.37 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FMX
Fomento Económico Mexicano, S.A.B. de C.V.0.230.280.37
83
Consumer Defensive

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Diversification Analysis

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