Looking to diversify beyond FHIGX? The mutual funds below have the lowest correlation with FHIGX — 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 FHIGX.
Best Diversifiers for FHIGX
19 mutual funds have low correlation with FHIGX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.19 | 0.22 | 96 | Municipal Bonds | FHIGX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.20 | 0.23 | 95 | Municipal Bonds | FHIGX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.03 | 0.04 | 0.05 | 97 | Semiconductors, Technology Equities | FHIGX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.08 | 0.09 | 0.09 | 75 | Large Cap Growth Equities | FHIGX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.11 | 0.14 | 0.11 | 71 | Large Cap Blend Equities | FHIGX vs FNILX |
See all 39 diversifiers for FHIGX
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