Looking to diversify beyond FHASX? The mutual funds below have the lowest correlation with FHASX — 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 FHASX.
Best Diversifiers for FHASX
0 mutual funds have low correlation with FHASX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.72, roughly unchanged from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.72 | 0.76 | 96 | Semiconductors, Technology Equities | FHASX vs FSELX | |
| Dimensional Retirement Income Fund | 0.81 | 0.83 | 0.79 | 77 | Target Retirement Date | FHASX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.83 | 0.81 | 0.85 | 73 | Large Cap Growth Equities | FHASX vs FBGRX | |
| Prudential Day One Income Fund | 0.86 | 0.86 | 0.87 | 79 | Target Retirement Date | FHASX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.86 | 0.87 | 0.87 | 79 | Target Retirement Date | FHASX vs ISOLX |
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