Looking to diversify beyond FHANX? The mutual funds below have the lowest correlation with FHANX — 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 FHANX.
Best Diversifiers for FHANX
0 mutual funds have low correlation with FHANX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FHANX vs FSELX | |
| Dimensional Retirement Income Fund | 0.77 | 0.78 | 0.75 | 77 | Target Retirement Date | FHANX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.78 | 0.80 | 73 | Large Cap Growth Equities | FHANX vs FBGRX | |
| Prudential Day One Income Fund | 0.81 | 0.81 | 0.83 | 79 | Target Retirement Date | FHANX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHANX vs LTTIX |
See all 76 diversifiers for FHANX
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