Looking to diversify beyond FHJEX? The mutual funds below have the lowest correlation with FHJEX — 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 FHJEX.
Best Diversifiers for FHJEX
0 mutual funds have low correlation with FHJEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, 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 | 0.75 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FHJEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | FHJEX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHJEX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FHJEX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.79 | 0.78 | 65 | Target Retirement Date | FHJEX vs FRQIX |
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