Looking to diversify beyond FHDDX? The mutual funds below have the lowest correlation with FHDDX — 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 FHDDX.
Best Diversifiers for FHDDX
0 mutual funds have low correlation with FHDDX (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 0.74, 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 | 0.74 | 0.78 | 0.75 | 85 | Target Retirement Date | FHDDX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHDDX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 86 | Target Retirement Date | FHDDX vs PDAHX | |
| Fidelity Advisor Freedom Blend Income Fund Class A | 0.82 | 0.77 | 0.73 | 69 | Target Retirement Date | FHDDX vs FHAMX | |
| Fidelity Advisor Freedom Income Fund Class A | 0.82 | 0.76 | 0.74 | 64 | Target Retirement Date | FHDDX vs FAFAX |
See all 135 diversifiers for FHDDX
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