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Fidelity Emerging Asia Fund (FSEAX) Diversifiers

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

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

Best Diversifiers for FSEAX

1 mutual funds have low correlation with FSEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Pharmaceuticals Portfolio (FPHAX) (Health & Biotech Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FPHAX
Fidelity Select Pharmaceuticals Portfolio0.270.320.36
59
Health & Biotech EquitiesFSEAX vs FPHAX
AVALX
Aegis Value Fund0.350.430.46
87
Small Cap Value EquitiesFSEAX vs AVALX
FSLEX
Fidelity Environment and Alternative Energy Fund0.640.630.62
54
Alternative Energy EquitiesFSEAX vs FSLEX
UJPIX
ProFunds UltraJapan Fund0.660.550.56
95
Leveraged EquitiesFSEAX vs UJPIX
FNILX
Fidelity ZERO Large Cap Index Fund0.660.630.62
63
Large Cap Blend EquitiesFSEAX vs FNILX
See all 43 diversifiers for FSEAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSEAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSEAX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.13, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
XOM
Exxon Mobil Corporation-0.130.040.14
68
Energy

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