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Fidelity Small Cap Growth K6 Fund (FOCSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies with small market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2000 Index or the S&P SmallCap 600 Index).

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

Best Diversifiers for FOCSX

0 mutual funds have low correlation with FOCSX (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 0.66, roughly unchanged from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FKEMX
Fidelity Emerging Markets K0.660.640.67
82
Emerging Markets EquitiesFOCSX vs FKEMX
OIEJX
JPMorgan Equity Income Fund R60.670.680.73
77
Large Cap Value Equities, DividendFOCSX vs OIEJX
FSELX
Fidelity Select Semiconductors Portfolio0.710.680.74
96
Semiconductors, Technology EquitiesFOCSX vs FSELX
FOCPX
Fidelity OTC Portfolio0.710.690.78
92
Large Cap Growth EquitiesFOCSX vs FOCPX
DFFVX
DFA U.S. Targeted Value Portfolio0.720.820.83
59
Small Cap Value EquitiesFOCSX vs DFFVX
See all 33 diversifiers for FOCSX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FOCSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOCSX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.31, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.310.360.50
88
Technology

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