Looking to diversify beyond FHFEX? The mutual funds below have the lowest correlation with FHFEX — 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 FHFEX.
Best Diversifiers for FHFEX
0 mutual funds have low correlation with FHFEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.61, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.56 | 0.60 | 93 | Semiconductors, Technology Equities | FHFEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.64 | 0.68 | 60 | Large Cap Growth Equities | FHFEX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.79 | 0.73 | 0.74 | 56 | Large Cap Blend Equities | FHFEX vs FNILX | |
| Fidelity 500 Index Fund | 0.80 | 0.72 | 0.73 | 60 | S&P 500 | FHFEX vs FXAIX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.80 | 0.76 | 0.78 | 75 | Target Retirement Date | FHFEX vs DRIKX |
See all 45 diversifiers for FHFEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FHFEX
Add FHFEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHFEX