Looking to diversify beyond FHAPX? The mutual funds below have the lowest correlation with FHAPX — 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 FHAPX.
Best Diversifiers for FHAPX
0 mutual funds have low correlation with FHAPX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FHAPX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHAPX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHAPX vs PDAHX | |
| Northern Stock Index Fund | 0.81 | 0.87 | 0.90 | 74 | Large Cap Blend Equities | FHAPX vs NOSIX | |
| Fidelity Freedom Income Fund Class K | 0.82 | 0.76 | 0.73 | 75 | Target Retirement Date | FHAPX vs FNSHX |
See all 61 diversifiers for FHAPX
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