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 Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 92 | Semiconductors, Technology Equities | FHCDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 84 | Target Retirement Date | FHCDX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.77 | 0.77 | 70 | Target Retirement Date | FHCDX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.76 | 0.74 | 70 | Target Retirement Date | FHCDX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.77 | 0.77 | 67 | Target Retirement Date | FHCDX vs FRQAX |
See all 170 diversifiers for FHCDX
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