Looking to diversify beyond FHJVX? The mutual funds below have the lowest correlation with FHJVX — 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 FHJVX.
Best Diversifiers for FHJVX
0 mutual funds have low correlation with FHJVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.60, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.53 | 0.57 | 97 | Semiconductors, Technology Equities | FHJVX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.67 | 0.59 | 0.63 | 75 | Large Cap Growth Equities | FHJVX vs FBGRX | |
| DoubleLine Shiller Enhanced International CAPE | 0.67 | 0.75 | 0.80 | 58 | Europe Equities | FHJVX vs DSEUX | |
| Fidelity ZERO Large Cap Index Fund | 0.75 | 0.67 | 0.70 | 71 | Large Cap Blend Equities | FHJVX vs FNILX | |
| Fidelity 500 Index Fund | 0.75 | 0.67 | 0.70 | 73 | S&P 500 | FHJVX vs FXAIX |
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