Looking to diversify beyond FHJKX? The mutual funds below have the lowest correlation with FHJKX — 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 FHJKX.
Best Diversifiers for FHJKX
0 mutual funds have low correlation with FHJKX (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 | 97 | Semiconductors, Technology Equities | FHJKX vs FSELX | |
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | FHJKX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 85 | Target Retirement Date | FHJKX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.82 | 0.76 | 0.73 | 75 | Target Retirement Date | FHJKX vs FNSHX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.75 | 0.71 | 77 | Target Retirement Date | FHJKX vs FIKFX |
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