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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.35, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.35 | 0.19 | 0.12 | 95 | Long-Short | FHAQX vs BDMIX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 96 | Semiconductors, Technology Equities | FHAQX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 77 | Target Retirement Date | FHAQX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHAQX vs LTTIX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 79 | Target Retirement Date | FHAQX vs PDAHX |
See all 67 diversifiers for FHAQX
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