PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Fidelity Nordic Fund (FNORX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 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 Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.55, roughly unchanged from 0.56 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
KGIIX
Kopernik International Fund0.550.460.56
82
Foreign Large Cap EquitiesFNORX vs KGIIX
FSELX
Fidelity Select Semiconductors Portfolio0.550.460.50
97
Semiconductors, Technology EquitiesFNORX vs FSELX
FBGRX
Fidelity Blue Chip Growth Fund0.600.500.55
75
Large Cap Growth EquitiesFNORX vs FBGRX
THOIX
Thornburg Global Opportunities Fund0.610.630.68
94
Foreign Large Cap EquitiesFNORX vs THOIX
PTSIX
PIMCO RAE PLUS International Fund0.620.600.63
83
Foreign Large Cap EquitiesFNORX vs PTSIX
See all 29 diversifiers for FNORX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements FNORX

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

Analyze a portfolio with FNORX