Looking to diversify beyond FHHEX? The mutual funds below have the lowest correlation with FHHEX — 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 FHHEX.
Best Diversifiers for FHHEX
0 mutual funds have low correlation with FHHEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.56, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.48 | 0.50 | 97 | Semiconductors, Technology Equities | FHHEX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.63 | 0.56 | 0.57 | 75 | Large Cap Growth Equities | FHHEX vs FBGRX | |
| Fidelity 500 Index Fund | 0.73 | 0.63 | 0.62 | 73 | S&P 500 | FHHEX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.73 | 0.64 | 0.62 | 71 | Large Cap Blend Equities | FHHEX vs FNILX | |
| Fidelity Total Market Index Fund | 0.74 | 0.65 | 0.63 | 71 | Large Cap Blend Equities | FHHEX vs FSKAX |
See all 40 diversifiers for FHHEX
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