Looking to diversify beyond FHARX? The mutual funds below have the lowest correlation with FHARX — 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 FHARX.
Best Diversifiers for FHARX
0 mutual funds have low correlation with FHARX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.73 | 0.77 | 96 | Semiconductors, Technology Equities | FHARX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 77 | Target Retirement Date | FHARX vs TDIFX | |
| Prudential Day One Income Fund | 0.84 | 0.83 | 0.84 | 79 | Target Retirement Date | FHARX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.84 | 0.84 | 0.84 | 79 | Target Retirement Date | FHARX vs ISOLX | |
| Fidelity Blue Chip Growth Fund | 0.84 | 0.83 | 0.86 | 73 | Large Cap Growth Equities | FHARX vs FBGRX |
See all 69 diversifiers for FHARX
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