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Fidelity Stock Selector Large Cap Value Fund (FSLVX) Diversifiers

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

The fund normally invests at least 80% of assets in stocks of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500 Index). It invests in securities of companies that the adviser believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry.

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

Best Diversifiers for FSLVX

0 mutual funds have low correlation with FSLVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.44, down from 0.54 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.440.430.54
96
Semiconductors, Technology EquitiesFSLVX vs FSELX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.500.620.73
78
Large Cap Value EquitiesFSLVX vs SVAIX
FBGRX
Fidelity Blue Chip Growth Fund0.520.510.62
73
Large Cap Growth EquitiesFSLVX vs FBGRX
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares0.530.470.47
71
High Yield BondsFSLVX vs VWEAX
HDCTX
Rational Equity Armor Fund0.590.570.67
55
Large Cap Value EquitiesFSLVX vs HDCTX
See all 52 diversifiers for FSLVX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSLVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSLVX and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.49, roughly unchanged from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
UTF
Cohen & Steers Infrastructure Fund, Inc0.490.510.55
69
Financial Services

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Diversification Analysis

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