Looking to diversify beyond FHCDX? The mutual funds below have the lowest correlation with FHCDX — 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 FHCDX.
Best Diversifiers for FHCDX
0 mutual funds have low correlation with FHCDX (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 0.75, 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 | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | FHCDX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHCDX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.81 | 0.83 | 85 | Target Retirement Date | FHCDX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FHCDX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.75 | 0.71 | 77 | Target Retirement Date | FHCDX vs FIKFX |
See all 88 diversifiers for FHCDX
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