Looking to diversify beyond FHBEX? The mutual funds below have the lowest correlation with FHBEX — 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 FHBEX.
Best Diversifiers for FHBEX
0 mutual funds have low correlation with FHBEX (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 | 97 | Semiconductors, Technology Equities | FHBEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.78 | 0.76 | 0.80 | 75 | Large Cap Growth Equities | FHBEX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.85 | 83 | Target Retirement Date | FHBEX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.89 | 0.91 | 83 | Target Retirement Date | FHBEX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.85 | 0.88 | 0.90 | 83 | Target Retirement Date | FHBEX vs DTDRX |
See all 40 diversifiers for FHBEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FHBEX
Add FHBEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHBEX