Looking to diversify beyond FHAWX? The mutual funds below have the lowest correlation with FHAWX — 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 FHAWX.
Best Diversifiers for FHAWX
0 mutual funds have low correlation with FHAWX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.64, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.65 | 97 | Semiconductors, Technology Equities | FHAWX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.72 | 0.69 | 0.74 | 75 | Large Cap Growth Equities | FHAWX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.81 | 0.83 | 0.84 | 83 | Target Retirement Date | FHAWX vs DRILX | |
| Fidelity 500 Index Fund | 0.82 | 0.78 | 0.80 | 73 | S&P 500 | FHAWX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.82 | 0.79 | 0.80 | 71 | Large Cap Blend Equities | FHAWX vs FNILX |
See all 48 diversifiers for FHAWX
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