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 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 | 96 | Semiconductors, Technology Equities | FHDDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | FHDDX vs TDIFX | |
| MFS Lifetime Income Fund | 0.81 | 0.79 | 0.81 | 55 | Target Retirement Date | FHDDX vs MLLIX | |
| Mutual of America Retirement Income Fund | 0.81 | 0.77 | 0.71 | 71 | Target Retirement Date | FHDDX vs MARMX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHDDX vs LTTIX |
See all 471 diversifiers for FHDDX
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