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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FHJEX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHJEX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHJEX vs PDAHX | |
| Fidelity Freedom Blend Income Fund Class K6 | 0.82 | 0.76 | 0.73 | 77 | Target Retirement Date | FHJEX vs FHRDX | |
| Fidelity Advisor Freedom Blend Income Fund Class A | 0.82 | 0.77 | 0.73 | 72 | Target Retirement Date | FHJEX vs FHAMX |
See all 103 diversifiers for FHJEX
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Diversification Analysis
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