Looking to diversify beyond FHFAX? The mutual funds below have the lowest correlation with FHFAX — 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 FHFAX.
Best Diversifiers for FHFAX
0 mutual funds have low correlation with FHFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, 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 | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHFAX vs FSELX | |
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FHFAX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHFAX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FHFAX vs FFGZX | |
| Fidelity Freedom Income Fund Class K | 0.82 | 0.76 | 0.73 | 75 | Target Retirement Date | FHFAX vs FNSHX |
See all 55 diversifiers for FHFAX
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Diversification Analysis
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