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Fidelity Stock Selector Mid Cap Fund (FSSMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 15, 2026

The fund normally invests at least 80% of assets in stocks of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap Index or the S&P MidCap 400 Index). It potentially invests in companies with smaller or larger market capitalizations. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both.

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

Best Diversifiers for FSSMX

0 mutual funds have low correlation with FSSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Series Emerging Markets Debt Fund (FEDCX) (Emerging Markets Bonds) with a 1Y correlation of 0.35, roughly unchanged from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FEDCX
Fidelity Series Emerging Markets Debt Fund0.350.330.33
93
Emerging Markets BondsFSSMX vs FEDCX
FOCPX
Fidelity OTC Portfolio0.600.610.71
85
Large Cap Growth EquitiesFSSMX vs FOCPX
FBGRX
Fidelity Blue Chip Growth Fund0.630.650.74
52
Large Cap Growth EquitiesFSSMX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.630.600.67
89
Semiconductors, Technology EquitiesFSSMX vs FSELX
DDDIX
13D Activist Fund0.710.810.87
80
Mid Cap Blend EquitiesFSSMX vs DDDIX
See all 32 diversifiers for FSSMX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSSMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSSMX and solid risk/return profiles. The least correlated is Fomento Económico Mexicano, S.A.B. de C.V. (FMX) (Consumer Defensive) with a 1Y correlation of 0.20, down from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FMX
Fomento Económico Mexicano, S.A.B. de C.V.0.200.270.36
88
Consumer Defensive

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Diversification Analysis

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