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 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 | 96 | Semiconductors, Technology Equities | FHFCX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | FHFCX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FHFCX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 78 | Target Retirement Date | FHFCX vs ISOLX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.78 | 0.78 | 65 | Target Retirement Date | FHFCX vs FRQIX |
See all 40 diversifiers for FHFCX
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