Looking to diversify beyond FHJFX? The mutual funds below have the lowest correlation with FHJFX — 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 FHJFX.
Best Diversifiers for FHJFX
0 mutual funds have low correlation with FHJFX (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 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FHJFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.76 | 0.80 | 0.76 | 77 | Target Retirement Date | FHJFX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.83 | 0.84 | 79 | Target Retirement Date | FHJFX vs PDAHX | |
| Fidelity Blue Chip Growth Fund | 0.84 | 0.83 | 0.86 | 73 | Large Cap Growth Equities | FHJFX vs FBGRX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.85 | 0.80 | 0.79 | 69 | Target Retirement Date | FHJFX vs FRQKX |
See all 40 diversifiers for FHJFX
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