Looking to diversify beyond FHFIX? The mutual funds below have the lowest correlation with FHFIX — 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 FHFIX.
Best Diversifiers for FHFIX
0 mutual funds have low correlation with FHFIX (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 | FHFIX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHFIX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHFIX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.82 | 0.83 | 0.83 | 82 | Target Retirement Date | FHFIX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.75 | 0.71 | 78 | Target Retirement Date | FHFIX vs FFGZX |
See all 39 diversifiers for FHFIX
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Diversification Analysis
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