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Fidelity Advisor Value Leaders Fund Class A (FVLAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 3, 2026

The fund normally invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC (FMR)'s view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that 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 (stocks of these companies are often called "value" stocks).

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

Best Diversifiers for FVLAX

21 mutual funds have low correlation with FVLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.04, down from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.040.230.39
93
Semiconductors, Technology EquitiesFVLAX vs FSELX
FBGRX
Fidelity Blue Chip Growth Fund0.070.290.46
63
Large Cap Growth EquitiesFVLAX vs FBGRX
LEXCX
Voya Corporate Leaders Trust Fund0.170.590.70
56
Large Cap Value EquitiesFVLAX vs LEXCX
NEIMX
Neiman Large Cap Value Fund0.170.590.76
92
Large Cap Value EquitiesFVLAX vs NEIMX
VIHAX
Vanguard International High Dividend Yield Index F...0.180.500.64
75
Large Cap Value Equities, Dividend, Foreign Large Cap EquitiesFVLAX vs VIHAX
See all 36 diversifiers for FVLAX

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Diversification Analysis

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