Looking to diversify beyond FHDFX? The mutual funds below have the lowest correlation with FHDFX — 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 FHDFX.
Best Diversifiers for FHDFX
0 mutual funds have low correlation with FHDFX (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 | 0.75 | 0.77 | 96 | Semiconductors, Technology Equities | FHDFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | FHDFX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHDFX vs LTTIX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 78 | Target Retirement Date | FHDFX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.79 | 0.78 | 65 | Target Retirement Date | FHDFX vs FRQIX |
See all 58 diversifiers for FHDFX
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