Looking to diversify beyond FFFHX? The mutual funds below have historically moved differently from FFFHX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FFFHX
0 mutual funds have low correlation with FFFHX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA U.S. Targeted Value Portfolio Institutional Class (DFFVX) (Small Cap Value Equities) with a 1Y correlation of 0.65, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA U.S. Targeted Value Portfolio Institutional Cl... | 0.65 | 0.74 | 0.79 | 84 | Small Cap Value Equities | FFFHX vs DFFVX | |
| Fidelity Select Semiconductors Portfolio | 0.78 | 0.75 | 0.78 | 80 | Semiconductors, Technology Equities | FFFHX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.79 | 0.75 | 81 | Target Retirement Date | FFFHX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.73 | 0.67 | 53 | Target Retirement Date | FFFHX vs DRIQX | |
| Fidelity Mid Cap Index Fund | 0.81 | 0.85 | 0.89 | 61 | Mid Cap Blend Equities | FFFHX vs FSMDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFFHX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.19 | 0.02 | 0.19 | 90 | Consumer Defensive | |
| TKO Group Holdings Inc. | 0.22 | 0.30 | 0.30 | 54 | Communication Services | |
| Sonos, Inc. | 0.38 | 0.46 | 0.54 | 66 | Technology | |
| Bank of America Corporation | 0.41 | 0.48 | 0.57 | 81 | Financial Services | |
| Glencore PLC ADR | 0.50 | 0.50 | 0.51 | 94 | Basic Materials |
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