Looking to diversify beyond FHAEX? The mutual funds below have the lowest correlation with FHAEX — 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 FHAEX.
Best Diversifiers for FHAEX
0 mutual funds have low correlation with FHAEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.70, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.69 | 0.73 | 97 | Semiconductors, Technology Equities | FHAEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.86 | 0.83 | 83 | Target Retirement Date | FHAEX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.78 | 0.82 | 75 | Large Cap Growth Equities | FHAEX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.91 | 0.93 | 83 | Target Retirement Date | FHAEX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.87 | 0.89 | 0.92 | 83 | Target Retirement Date | FHAEX vs DTDRX |
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