Looking to diversify beyond FHEAX? The mutual funds below have the lowest correlation with FHEAX — 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 FHEAX.
Best Diversifiers for FHEAX
9 mutual funds have low correlation with FHEAX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.13 | — | — | 98 | REIT | FHEAX vs QREARX | |
| Fidelity Blue Chip Growth Fund | 0.01 | 0.23 | 0.43 | 75 | Large Cap Growth Equities | FHEAX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.02 | 0.19 | 0.34 | 97 | Semiconductors, Technology Equities | FHEAX vs FSELX | |
| Redwood Real Estate Income Fund | 0.02 | -0.00 | -0.00 | 100 | REIT | FHEAX vs CREMX | |
| Fidelity Series Real Estate Income Fund | 0.23 | 0.49 | 0.65 | 89 | REIT | FHEAX vs FSREX |
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