Looking to diversify beyond FHCIX? The mutual funds below have the lowest correlation with FHCIX — 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 FHCIX.
Best Diversifiers for FHCIX
1 mutual funds have low correlation with FHCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.30, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.30 | 0.38 | 0.49 | 96 | Semiconductors, Technology Equities | FHCIX vs FSELX | |
| T. Rowe Price Global Technology Fund | 0.31 | 0.41 | 0.56 | 87 | Technology Equities | FHCIX vs PRGTX | |
| Fidelity Blue Chip Growth Fund | 0.40 | 0.48 | 0.61 | 73 | Large Cap Growth Equities | FHCIX vs FBGRX | |
| Fidelity Total International Index Fund | 0.49 | 0.52 | 0.58 | 62 | Foreign Large Cap Equities | FHCIX vs FTIHX | |
| Fidelity 500 Index Fund | 0.52 | 0.60 | 0.69 | 66 | S&P 500 | FHCIX vs FXAIX |
See all 19 diversifiers for FHCIX
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