Looking to diversify beyond FHCFX? The mutual funds below have the lowest correlation with FHCFX — 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 FHCFX.
Best Diversifiers for FHCFX
0 mutual funds have low correlation with FHCFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.75 | 0.78 | 93 | Semiconductors, Technology Equities | FHCFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 81 | Target Retirement Date | FHCFX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 66 | Target Retirement Date | FHCFX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.77 | 0.74 | 66 | Target Retirement Date | FHCFX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 64 | Target Retirement Date | FHCFX vs FRQAX |
See all 43 diversifiers for FHCFX
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