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Fidelity Advisor Growth Opportunities Fund Class Z (FZAHX) Diversifiers

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

The fund normally invests primarily in common stocks. It invests in companies that the advisor believes have above-average growth potential (stocks of these companies are often called "growth" stocks). 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 FZAHX? The mutual funds below have the lowest correlation with FZAHX — 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 FZAHX.

Best Diversifiers for FZAHX

0 mutual funds have low correlation with FZAHX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) (Mid Cap Value Equities) with a 1Y correlation of 0.34, down from 0.59 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VMVAX
Vanguard Mid-Cap Value Index Fund Admiral Shares0.340.450.59
64
Mid Cap Value EquitiesFZAHX vs VMVAX
IOLZX
ICON Equity Fund0.580.590.70
84
Large Cap Growth EquitiesFZAHX vs IOLZX
VTMGX
Vanguard Developed Markets Index Fund Admiral Shar...0.630.640.69
61
Foreign Large Cap EquitiesFZAHX vs VTMGX
FTIHX
Fidelity Total International Index Fund0.700.660.70
62
Foreign Large Cap EquitiesFZAHX vs FTIHX
FZILX
Fidelity ZERO International Index Fund0.700.660.71
65
Foreign Large Cap EquitiesFZAHX vs FZILX
See all 31 diversifiers for FZAHX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FZAHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FZAHX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.36, down from 0.60 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.360.460.60
88
Technology

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Diversification Analysis

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