Looking to diversify beyond FHEDX? The mutual funds below have the lowest correlation with FHEDX — 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 FHEDX.
Best Diversifiers for FHEDX
0 mutual funds have low correlation with FHEDX (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 | FHEDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 77 | Target Retirement Date | FHEDX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 79 | Target Retirement Date | FHEDX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FHEDX vs ISOLX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.84 | 0.79 | 0.78 | 70 | Target Retirement Date | FHEDX vs FRQHX |
See all 64 diversifiers for FHEDX
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