Looking to diversify beyond FHBZX? The mutual funds below have historically moved differently from FHBZX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.62, up from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.49 | 0.50 | 80 | Semiconductors, Technology Equities | FHBZX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.79 | 0.66 | 0.63 | 59 | Large Cap Blend Equities | FHBZX vs FNILX | |
| Voya Target Retirement 2045 Fund | 0.80 | 0.72 | 0.69 | 73 | Target Retirement Date | FHBZX vs IRSPX | |
| Fidelity 500 Index Fund | 0.81 | 0.65 | 0.62 | 64 | S&P 500 | FHBZX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.81 | 0.66 | 0.63 | 63 | Large Cap Blend Equities | FHBZX vs FSKAX |
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