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Fidelity Select Automotive Portfolio (FSAVX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

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 historically moved differently from FSAVX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

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 0.45, down from 0.62 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.450.520.62
80
Semiconductors, Technology EquitiesFSAVX vs FSELX
FGKFX
Fidelity Growth Company K6 Fund0.570.610.71
61
Large Cap Growth EquitiesFSAVX vs FGKFX
FTIHX
Fidelity Total International Index Fund0.680.690.72
73
Foreign Large Cap EquitiesFSAVX vs FTIHX
FSPSX
Fidelity International Index Fund0.680.680.71
70
Foreign Large Cap EquitiesFSAVX vs FSPSX
FNILX
Fidelity ZERO Large Cap Index Fund0.710.730.78
59
Large Cap Blend EquitiesFSAVX vs FNILX
See all 8 diversifiers for FSAVX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for FSAVX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.30, down from 0.50 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.300.330.50
56
Technology

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