Looking to diversify beyond FHKDX? The mutual funds below have the lowest correlation with FHKDX — 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 FHKDX.
Best Diversifiers for FHKDX
0 mutual funds have low correlation with FHKDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.70, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.69 | 0.73 | 96 | Semiconductors, Technology Equities | FHKDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.81 | 0.78 | 0.83 | 73 | Large Cap Growth Equities | FHKDX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.82 | 0.86 | 0.83 | 77 | Target Retirement Date | FHKDX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.87 | 0.90 | 0.90 | 79 | Target Retirement Date | FHKDX vs ISOLX | |
| MFS Lifetime 2025 Fund | 0.87 | 0.89 | 0.92 | 61 | Target Retirement Date | FHKDX vs LTTIX |
See all 64 diversifiers for FHKDX
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