Looking to diversify beyond FHASX? The mutual funds below have historically moved differently from FHASX, 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 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 0.75, roughly unchanged from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.72 | 0.76 | 80 | Semiconductors, Technology Equities | FHASX vs FSELX | |
| Dimensional Retirement Income Fund | 0.83 | 0.83 | 0.79 | 81 | Target Retirement Date | FHASX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.85 | 0.79 | 0.72 | 53 | Target Retirement Date | FHASX vs DRIQX | |
| MFS Lifetime Income Fund | 0.86 | 0.84 | 0.85 | 66 | Target Retirement Date | FHASX vs MLLIX | |
| Voya Target In-Retirement Fund | 0.86 | 0.87 | 0.87 | 70 | Target Retirement Date | FHASX vs ISOLX |
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