Looking to diversify beyond FHFCX? The mutual funds below have the lowest correlation with FHFCX — 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 FHFCX.
Best Diversifiers for FHFCX
0 mutual funds have low correlation with FHFCX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FHFCX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHFCX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHFCX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.74 | 0.71 | 78 | Target Retirement Date | FHFCX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.74 | 0.71 | 77 | Target Retirement Date | FHFCX vs FIKFX |
See all 38 diversifiers for FHFCX
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