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 0.74, 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 | 0.73 | 0.77 | 96 | Semiconductors, Technology Equities | FHHDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 77 | Target Retirement Date | FHHDX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FHHDX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.83 | 0.84 | 0.88 | 61 | Target Retirement Date | FHHDX vs LTTIX | |
| Voya Target In-Retirement Fund | 0.84 | 0.84 | 0.84 | 79 | Target Retirement Date | FHHDX vs ISOLX |
See all 67 diversifiers for FHHDX
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