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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.75, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | FHKEX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHKEX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHKEX vs PDAHX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.75 | 0.71 | 77 | Target Retirement Date | FHKEX vs FIKFX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 82 | Target Retirement Date | FHKEX vs ISOLX |
See all 73 diversifiers for FHKEX
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