Looking to diversify beyond FHFTX? The mutual funds below have the lowest correlation with FHFTX — 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 FHFTX.
Best Diversifiers for FHFTX
0 mutual funds have low correlation with FHFTX (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 | FHFTX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 70 | Target Retirement Date | FHFTX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FHFTX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.84 | 0.78 | 0.78 | 65 | Target Retirement Date | FHFTX vs FRQIX | |
| Fidelity Managed Retirement Income Fund | 0.84 | 0.77 | 0.75 | 66 | Target Retirement Date | FHFTX vs FIRMX |
See all 58 diversifiers for FHFTX
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Diversification Analysis
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