Looking to diversify beyond FHDEX? The mutual funds below have the lowest correlation with FHDEX — 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 FHDEX.
Best Diversifiers for FHDEX
0 mutual funds have low correlation with FHDEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, 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 | 0.74 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FHDEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 70 | Target Retirement Date | FHDEX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.83 | 0.84 | 78 | Target Retirement Date | FHDEX vs PDAHX | |
| Fidelity Blue Chip Growth Fund | 0.85 | 0.83 | 0.86 | 68 | Large Cap Growth Equities | FHDEX vs FBGRX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.85 | 0.80 | 0.79 | 65 | Target Retirement Date | FHDEX vs FRQIX |
See all 62 diversifiers for FHDEX
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Diversification Analysis
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