Looking to diversify beyond FHJMX? The mutual funds below have the lowest correlation with FHJMX — 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 FHJMX.
Best Diversifiers for FHJMX
0 mutual funds have low correlation with FHJMX (below 0.3), 0 of which are negatively correlated. The least correlated is The Central and Eastern Europe Fund (CEE) (Europe Equities) with a 1Y correlation of 0.43, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Central and Eastern Europe Fund | 0.43 | 0.32 | 0.33 | 52 | Europe Equities | FHJMX vs CEE | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.54 | 0.58 | 96 | Semiconductors, Technology Equities | FHJMX vs FSELX | |
| DoubleLine Shiller Enhanced International CAPE | 0.65 | 0.73 | 0.79 | 61 | Europe Equities | FHJMX vs DSEUX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.60 | 0.64 | 68 | Large Cap Growth Equities | FHJMX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.77 | 0.67 | 0.70 | 62 | Large Cap Blend Equities | FHJMX vs FNILX |
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