Looking to diversify beyond FHGLX? The mutual funds below have the lowest correlation with FHGLX — 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 FHGLX.
Best Diversifiers for FHGLX
0 mutual funds have low correlation with FHGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.71 | 0.74 | 97 | Semiconductors, Technology Equities | FHGLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.83 | 0.79 | 83 | Target Retirement Date | FHGLX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.80 | 0.84 | 75 | Large Cap Growth Equities | FHGLX vs FBGRX | |
| Voya Target In-Retirement Fund | 0.85 | 0.87 | 0.86 | 82 | Target Retirement Date | FHGLX vs ISOLX | |
| Prudential Day One Income Fund | 0.85 | 0.86 | 0.86 | 85 | Target Retirement Date | FHGLX vs PDAHX |
See all 63 diversifiers for FHGLX
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Diversification Analysis
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