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Fidelity Focused Stock Fund (FTQGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests at least 80% of assets in stocks. It invests primarily in common stocks. The fund invests in 30-80 stocks. It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both. The adviser 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 FTQGX? The mutual funds below have the lowest correlation with FTQGX — 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 FTQGX.

Best Diversifiers for FTQGX

1 mutual funds have low correlation with FTQGX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VWITX
Vanguard Intermediate-Term Tax-Exempt Fund Investo...0.080.070.06
70
Municipal BondsFTQGX vs VWITX
EFCNX
Emerald Insights Fund0.380.760.84
99
Large Cap Growth EquitiesFTQGX vs EFCNX
VWEHX
Vanguard High-Yield Corporate Fund Investor Shares0.440.390.43
69
High Yield BondsFTQGX vs VWEHX
FEQIX
Fidelity Equity-Income Fund0.590.590.70
70
Large Cap Value EquitiesFTQGX vs FEQIX
DNVYX
Davis New York Venture Fund Class Y0.670.720.77
82
Large Cap Growth EquitiesFTQGX vs DNVYX
See all 96 diversifiers for FTQGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FTQGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTQGX and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.64, roughly unchanged from 0.61 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GS
The Goldman Sachs Group, Inc.0.640.560.61
90
Financial Services

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