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Fidelity Pacific Basin Fund (FPBFX) Diversifiers

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

The fund normally invests at least 80% of assets in securities of Pacific Basin issuers and other investments that are tied economically to the Pacific Basin. It invests primarily in common stocks. The fund allocates investments across different Pacific Basin countries. 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 FPBFX? The mutual funds below have the lowest correlation with FPBFX — 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 FPBFX.

Best Diversifiers for FPBFX

0 mutual funds have low correlation with FPBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Biotechnology Portfolio (FBIOX) (Health & Biotech Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.49 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FBIOX
Fidelity Select Biotechnology Portfolio0.390.440.49
85
Health & Biotech EquitiesFPBFX vs FBIOX
VDADX
Vanguard Dividend Appreciation Index Fund Admiral ...0.620.590.61
51
Dividend, Large Cap Blend EquitiesFPBFX vs VDADX
MATFX
Matthews Asia Innovators Fund0.750.810.82
97
Asia Pacific EquitiesFPBFX vs MATFX
FBGRX
Fidelity Blue Chip Growth Fund0.760.700.71
73
Large Cap Growth EquitiesFPBFX vs FBGRX
FDGRX
Fidelity Growth Company Fund0.770.700.71
74
Large Cap Growth EquitiesFPBFX vs FDGRX
See all 29 diversifiers for FPBFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FPBFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPBFX and solid risk/return profiles. The least correlated is Nuvation Bio Inc. (NUVB) (Healthcare) with a 1Y correlation of 0.31, roughly unchanged from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NUVB
Nuvation Bio Inc.0.310.300.32
86
Healthcare

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Diversification Analysis

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