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Fidelity Nordic Fund (FNORX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund normally invests at least 80% of assets in securities of Danish, Finnish, Norwegian, and Swedish issuers and other investments that are tied economically to the Nordic region. It normally invests primarily in common stocks and allocates investments across different Nordic countries. The fund invests up to 35% of total assets in any industry that accounts for more than 20% of the Nordic market. It 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 FNORX? The mutual funds below have the lowest correlation with FNORX — 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 FNORX.

Best Diversifiers for FNORX

0 mutual funds have low correlation with FNORX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.45, down from 0.61 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVFIX
Federated Hermes International Strategic Value Div...0.450.490.61
63
Foreign Large Cap EquitiesFNORX vs IVFIX
FSELX
Fidelity Select Semiconductors Portfolio0.560.470.51
92
Semiconductors, Technology EquitiesFNORX vs FSELX
THOIX
Thornburg Global Opportunities Fund0.600.620.67
86
Foreign Large Cap EquitiesFNORX vs THOIX
FBGRX
Fidelity Blue Chip Growth Fund0.600.500.55
61
Large Cap Growth EquitiesFNORX vs FBGRX
FJSCX
Fidelity Japan Smaller Companies Fund0.600.530.54
60
Japan Equities, Asia Pacific EquitiesFNORX vs FJSCX
See all 29 diversifiers for FNORX

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