Looking to diversify beyond FHABX? The mutual funds below have historically moved differently from FHABX, 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 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 0.33, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Pharmaceuticals Portfolio | 0.33 | 0.44 | 0.47 | 92 | Health & Biotech Equities | FHABX vs FPHAX | |
| Fidelity Select Semiconductors Portfolio | 0.66 | 0.56 | 0.60 | 80 | Semiconductors, Technology Equities | FHABX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.82 | 0.73 | 0.74 | 54 | Large Cap Blend Equities | FHABX vs FNILX | |
| Fidelity 500 Index Fund | 0.82 | 0.73 | 0.73 | 59 | S&P 500 | FHABX vs FXAIX | |
| Voya Target Retirement 2040 Fund | 0.83 | 0.81 | 0.81 | 76 | Target Retirement Date | FHABX vs IRSOX |
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