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Fidelity Select Automotive Portfolio (FSAVX) Diversifiers

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

The fund normally invests at least 80% of assets in securities of companies principally engaged in the manufacture, marketing or sale of automobiles, trucks, specialty vehicles, parts, tires, and related services. It invests primarily in common stocks. The fund invests in domestic and foreign issuers. 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. The fund is non-diversified.

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

Best Diversifiers for FSAVX

0 mutual funds have low correlation with FSAVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.46, down from 0.64 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.460.530.64
96
Semiconductors, Technology EquitiesFSAVX vs FSELX
FGKFX
Fidelity Growth Company K6 Fund0.580.620.72
82
Large Cap Growth EquitiesFSAVX vs FGKFX
FBGRX
Fidelity Blue Chip Growth Fund0.590.630.73
73
Large Cap Growth EquitiesFSAVX vs FBGRX
FNCMX
Fidelity NASDAQ Composite Index Fund0.640.670.75
56
Large Cap Growth EquitiesFSAVX vs FNCMX
FTIHX
Fidelity Total International Index Fund0.710.700.73
62
Foreign Large Cap EquitiesFSAVX vs FTIHX
See all 9 diversifiers for FSAVX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSAVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSAVX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.29, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.290.340.51
76
Technology

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