Looking to diversify beyond FHAHX? The mutual funds below have the lowest correlation with FHAHX — 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 FHAHX.
Best Diversifiers for FHAHX
0 mutual funds have low correlation with FHAHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.57, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.57 | 0.48 | 0.50 | 97 | Semiconductors, Technology Equities | FHAHX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.56 | 0.57 | 75 | Large Cap Growth Equities | FHAHX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.72 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FHAHX vs FNILX | |
| Fidelity 500 Index Fund | 0.72 | 0.63 | 0.62 | 73 | S&P 500 | FHAHX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.73 | 0.65 | 0.63 | 71 | Large Cap Blend Equities | FHAHX vs FSKAX |
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