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 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 | FHFIX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | FHFIX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHFIX vs LTTIX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 78 | Target Retirement Date | FHFIX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 78 | Target Retirement Date | FHFIX vs ISOLX |
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