Looking to diversify beyond FHBZX? The mutual funds below have the lowest correlation with FHBZX — 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 FHBZX.
Best Diversifiers for FHBZX
0 mutual funds have low correlation with FHBZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.58, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.48 | 0.49 | 97 | Semiconductors, Technology Equities | FHBZX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.65 | 0.55 | 0.56 | 75 | Large Cap Growth Equities | FHBZX vs FBGRX | |
| Fidelity 500 Index Fund | 0.74 | 0.63 | 0.61 | 73 | S&P 500 | FHBZX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.74 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FHBZX vs FNILX | |
| Voya Target Retirement 2045 Fund | 0.75 | 0.70 | 0.68 | 82 | Target Retirement Date | FHBZX vs IRSPX |
See all 74 diversifiers for FHBZX
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