Looking to diversify beyond FHAQX? The mutual funds below have the lowest correlation with FHAQX — 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 FHAQX.
Best Diversifiers for FHAQX
0 mutual funds have low correlation with FHAQX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.37, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.37 | 0.20 | 0.12 | 96 | Equity Market Neutral | FHAQX vs BDMIX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 92 | Semiconductors, Technology Equities | FHAQX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.76 | 83 | Target Retirement Date | FHAQX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 67 | Target Retirement Date | FHAQX vs FRQAX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.77 | 0.74 | 70 | Target Retirement Date | FHAQX vs FRIMX |
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