Looking to diversify beyond FHBFX? The mutual funds below have the lowest correlation with FHBFX — 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 FHBFX.
Best Diversifiers for FHBFX
0 mutual funds have low correlation with FHBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 81 | Target Retirement Date | FHBFX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.78 | 97 | Semiconductors, Technology Equities | FHBFX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 83 | Target Retirement Date | FHBFX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.83 | 0.76 | 0.73 | 72 | Target Retirement Date | FHBFX vs FNSHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.75 | 0.71 | 74 | Target Retirement Date | FHBFX vs FFGZX |
See all 57 diversifiers for FHBFX
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