Looking to diversify beyond FHAUX? The mutual funds below have the lowest correlation with FHAUX — 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 FHAUX.
Best Diversifiers for FHAUX
0 mutual funds have low correlation with FHAUX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.69, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.67 | 0.71 | 96 | Semiconductors, Technology Equities | FHAUX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.76 | 0.81 | 73 | Large Cap Growth Equities | FHAUX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.84 | 0.88 | 0.85 | 77 | Target Retirement Date | FHAUX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.90 | 0.92 | 81 | Target Retirement Date | FHAUX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.88 | 0.89 | 0.91 | 81 | Target Retirement Date | FHAUX vs DRILX |
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