Looking to diversify beyond FHKEX? The mutual funds below have the lowest correlation with FHKEX — 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 FHKEX.
Best Diversifiers for FHKEX
0 mutual funds have low correlation with FHKEX (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 | 94 | Semiconductors, Technology Equities | FHKEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.77 | 0.78 | 0.75 | 64 | Target Retirement Date | FHKEX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 66 | Target Retirement Date | FHKEX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 72 | Target Retirement Date | FHKEX vs PDAHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.79 | 0.78 | 66 | Target Retirement Date | FHKEX vs FRQIX |
See all 79 diversifiers for FHKEX
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