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Fidelity Advisor Mid Cap II Fund Class Z (FZAMX) Diversifiers

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

The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in securities 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 invests primarily in common stocks. The fund potentially invests in companies with smaller or larger market capitalizations. It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both.

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

Best Diversifiers for FZAMX

0 mutual funds have low correlation with FZAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Natixis Funds Trust II Vaughan Nelson Mid Cap Fund (VNVYX) (Mid Cap Blend Equities) with a 1Y correlation of 0.68, down from 0.84 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VNVYX
Natixis Funds Trust II Vaughan Nelson Mid Cap Fund0.680.750.84
50
Mid Cap Blend EquitiesFZAMX vs VNVYX
FSELX
Fidelity Select Semiconductors Portfolio0.680.660.71
97
Semiconductors, Technology EquitiesFZAMX vs FSELX
MISIX
Victory Trivalent International Small-Cap Fund Cla...0.680.710.76
53
Mid Cap Blend Equities, Foreign Small & Mid Cap EquitiesFZAMX vs MISIX
FBGRX
Fidelity Blue Chip Growth Fund0.680.690.77
75
Large Cap Growth EquitiesFZAMX vs FBGRX
FTIHX
Fidelity Total International Index Fund0.700.700.75
59
Foreign Large Cap EquitiesFZAMX vs FTIHX
See all 43 diversifiers for FZAMX

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