Looking to diversify beyond FHFDX? The mutual funds below have the lowest correlation with FHFDX — 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 FHFDX.
Best Diversifiers for FHFDX
0 mutual funds have low correlation with FHFDX (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 | FHFDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 77 | Target Retirement Date | FHFDX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHFDX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.81 | 0.83 | 79 | Target Retirement Date | FHFDX vs PDAHX | |
| Fidelity Managed Retirement Income Fund | 0.84 | 0.77 | 0.75 | 66 | Target Retirement Date | FHFDX vs FIRMX |
See all 65 diversifiers for FHFDX
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