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Fidelity Value Discovery Fund Class K (FVDKX) Diversifiers

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

The investment seeks capital appreciation. The fund normally invests primarily in common stocks. It invests in securities of companies that Fidelity Management & Research Company (FMR) 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. 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.

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

Best Diversifiers for FVDKX

0 mutual funds have low correlation with FVDKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.38, roughly unchanged from 0.45 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.380.330.45
97
Semiconductors, Technology EquitiesFVDKX vs FSELX
LEXCX
Voya Corporate Leaders Trust Fund0.410.650.74
53
Large Cap Value EquitiesFVDKX vs LEXCX
FBGRX
Fidelity Blue Chip Growth Fund0.440.390.53
75
Large Cap Growth EquitiesFVDKX vs FBGRX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.540.670.77
70
Large Cap Value EquitiesFVDKX vs SVAIX
BUFBX
Buffalo Flexible Income Fund0.650.770.83
71
Large Cap Value EquitiesFVDKX vs BUFBX
See all 29 diversifiers for FVDKX

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