Looking to diversify beyond FHGDX? The mutual funds below have the lowest correlation with FHGDX — 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 FHGDX.
Best Diversifiers for FHGDX
0 mutual funds have low correlation with FHGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.72, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.71 | 0.75 | 97 | Semiconductors, Technology Equities | FHGDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.83 | 0.79 | 85 | Target Retirement Date | FHGDX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.81 | 0.85 | 75 | Large Cap Growth Equities | FHGDX vs FBGRX | |
| Prudential Day One Income Fund | 0.85 | 0.87 | 0.87 | 86 | Target Retirement Date | FHGDX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.87 | 0.82 | 0.77 | 76 | Target Retirement Date | FHGDX vs FFGZX |
See all 41 diversifiers for FHGDX
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