Looking to diversify beyond FHAVX? The mutual funds below have the lowest correlation with FHAVX — 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 FHAVX.
Best Diversifiers for FHAVX
0 mutual funds have low correlation with FHAVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.68, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.64 | 0.69 | 96 | Semiconductors, Technology Equities | FHAVX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.77 | 0.73 | 0.78 | 73 | Large Cap Growth Equities | FHAVX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.87 | 77 | Target Retirement Date | FHAVX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.86 | 0.88 | 81 | Target Retirement Date | FHAVX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.86 | 0.88 | 81 | Target Retirement Date | FHAVX vs DTDRX |
See all 36 diversifiers for FHAVX
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Diversification Analysis
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