Looking to diversify beyond FHEEX? The mutual funds below have the lowest correlation with FHEEX — 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 FHEEX.
Best Diversifiers for FHEEX
0 mutual funds have low correlation with FHEEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.65, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.65 | 0.61 | 0.65 | 96 | Semiconductors, Technology Equities | FHEEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.65 | 0.69 | 73 | Large Cap Growth Equities | FHEEX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.82 | 0.90 | 0.88 | 77 | Target Retirement Date | FHEEX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.84 | 0.83 | 0.84 | 81 | Target Retirement Date | FHEEX vs DRILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.84 | 0.82 | 0.84 | 80 | Target Retirement Date | FHEEX vs DRIKX |
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