Looking to diversify beyond FHIGX? The mutual funds below have historically moved differently from FHIGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FHIGX
16 mutual funds have low correlation with FHIGX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.17 | 0.23 | 91 | Municipal Bonds | FHIGX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.20 | 0.24 | 94 | Municipal Bonds | FHIGX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FHIGX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.19 | 0.15 | 0.12 | 59 | Large Cap Blend Equities | FHIGX vs FNILX | |
| Fidelity 500 Index Fund | 0.19 | 0.14 | 0.12 | 64 | S&P 500 | FHIGX vs FXAIX |
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