Looking to diversify beyond FHAQX? The mutual funds below have historically moved differently from FHAQX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.40, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.40 | 0.21 | 0.13 | 98 | Equity Market Neutral | FHAQX vs BDMIX | |
| Fidelity Select Semiconductors Portfolio | 0.78 | 0.75 | 0.78 | 80 | Semiconductors, Technology Equities | FHAQX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.79 | 0.76 | 82 | Target Retirement Date | FHAQX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.74 | 0.68 | 54 | Target Retirement Date | FHAQX vs DRIQX | |
| MFS Lifetime Income Fund | 0.83 | 0.80 | 0.82 | 61 | Target Retirement Date | FHAQX vs MLLIX |
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