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Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. The fund invests at least 80% of assets in securities of companies with small market capitalizations. It invests primarily in common stocks. The advisor allocates investments across different countries and regions. The advisor 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 FOPIX? The mutual funds below have the lowest correlation with FOPIX — 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 FOPIX.

Best Diversifiers for FOPIX

0 mutual funds have low correlation with FOPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.54, roughly unchanged from 0.59 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.540.510.59
97
Semiconductors, Technology EquitiesFOPIX vs FSELX
KGGIX
Kopernik Global All-Cap Fund0.560.510.57
80
Foreign Small & Mid Cap EquitiesFOPIX vs KGGIX
KGGAX
Kopernik Global All-Cap Fund Class A0.560.510.57
80
Foreign Small & Mid Cap EquitiesFOPIX vs KGGAX
FBGRX
Fidelity Blue Chip Growth Fund0.590.560.64
75
Large Cap Growth EquitiesFOPIX vs FBGRX
HRIIX
Hood River International Opportunity Fund Investor...0.64——
95
Foreign Small & Mid Cap EquitiesFOPIX vs HRIIX
See all 16 diversifiers for FOPIX

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