Looking to diversify beyond FHAMX? The mutual funds below have the lowest correlation with FHAMX — 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 FHAMX.
Best Diversifiers for FHAMX
0 mutual funds have low correlation with FHAMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.55, 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 | 0.55 | 0.49 | 0.50 | 97 | Semiconductors, Technology Equities | FHAMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.55 | 0.57 | 75 | Large Cap Growth Equities | FHAMX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FHAMX vs FNILX | |
| Fidelity 500 Index Fund | 0.71 | 0.63 | 0.61 | 75 | S&P 500 | FHAMX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.72 | 0.65 | 0.63 | 71 | Large Cap Blend Equities | FHAMX vs FSKAX |
See all 45 diversifiers for FHAMX
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