Looking to diversify beyond FHEAX? The mutual funds below have historically moved differently from FHEAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FHEAX
10 mutual funds have low correlation with FHEAX (below 0.3), 1 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.12, roughly unchanged from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.12 | -0.09 | -0.09 | 99 | REIT | FHEAX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | 0.00 | 0.00 | 100 | REIT | FHEAX vs CREMX | |
| Fidelity Select Semiconductors Portfolio | 0.03 | 0.18 | 0.34 | 80 | Semiconductors, Technology Equities | FHEAX vs FSELX | |
| Fidelity Series Real Estate Income Fund | 0.18 | 0.46 | 0.64 | 87 | REIT | FHEAX vs FSREX | |
| Fidelity ZERO Large Cap Index Fund | 0.18 | 0.44 | 0.58 | 59 | Large Cap Blend Equities | FHEAX vs FNILX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FHEAX
Add FHEAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHEAX