Looking to diversify beyond FHHFX? The mutual funds below have the lowest correlation with FHHFX — 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 FHHFX.
Best Diversifiers for FHHFX
0 mutual funds have low correlation with FHHFX (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 | FHHFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 77 | Target Retirement Date | FHHFX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.83 | 0.84 | 79 | Target Retirement Date | FHHFX vs PDAHX | |
| Fidelity Blue Chip Growth Fund | 0.84 | 0.83 | 0.86 | 73 | Large Cap Growth Equities | FHHFX vs FBGRX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.85 | 0.79 | 0.76 | 65 | Target Retirement Date | FHHFX vs FRIMX |
See all 40 diversifiers for FHHFX
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