Looking to diversify beyond FHHDX? The mutual funds below have the lowest correlation with FHHDX — 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 FHHDX.
Best Diversifiers for FHHDX
0 mutual funds have low correlation with FHHDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, 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 | 0.75 | 0.73 | 0.77 | 92 | Semiconductors, Technology Equities | FHHDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.80 | 0.76 | 83 | Target Retirement Date | FHHDX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.80 | 0.79 | 67 | Target Retirement Date | FHHDX vs FRQAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.82 | 0.79 | 0.79 | 84 | Target Retirement Date | FHHDX vs FRQHX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.83 | 0.79 | 0.79 | 83 | Target Retirement Date | FHHDX vs FRQKX |
See all 64 diversifiers for FHHDX
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