Looking to diversify beyond FHABX? The mutual funds below have the lowest correlation with FHABX — 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 FHABX.
Best Diversifiers for FHABX
0 mutual funds have low correlation with FHABX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Pharmaceuticals Portfolio (FPHAX) (Health & Biotech Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Pharmaceuticals Portfolio | 0.39 | 0.46 | 0.49 | 64 | Health & Biotech Equities | FHABX vs FPHAX | |
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.55 | 0.60 | 96 | Semiconductors, Technology Equities | FHABX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.70 | 0.64 | 0.68 | 68 | Large Cap Growth Equities | FHABX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.80 | 0.76 | 0.78 | 80 | Target Retirement Date | FHABX vs DRILX | |
| Fidelity ZERO Large Cap Index Fund | 0.80 | 0.72 | 0.74 | 62 | Large Cap Blend Equities | FHABX vs FNILX |
See all 61 diversifiers for FHABX
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