Looking to diversify beyond FHCEX? The mutual funds below have the lowest correlation with FHCEX — 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 FHCEX.
Best Diversifiers for FHCEX
0 mutual funds have low correlation with FHCEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.66, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.66 | 0.64 | 0.69 | 96 | Semiconductors, Technology Equities | FHCEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.76 | 0.74 | 0.78 | 68 | Large Cap Growth Equities | FHCEX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.84 | 0.89 | 0.87 | 70 | Target Retirement Date | FHCEX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.86 | 0.89 | 80 | Target Retirement Date | FHCEX vs DRILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.86 | 0.86 | 0.88 | 79 | Target Retirement Date | FHCEX vs DRIKX |
See all 48 diversifiers for FHCEX
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