Looking to diversify beyond FHKFX? The mutual funds below have the lowest correlation with FHKFX — 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 FHKFX.
Best Diversifiers for FHKFX
0 mutual funds have low correlation with FHKFX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.50, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.50 | 0.63 | 0.65 | 55 | Emerging Markets Equities | FHKFX vs PZIEX | |
| William Blair Emerging Markets ex China Growth Fun... | 0.67 | 0.65 | — | 95 | Emerging Markets Equities | FHKFX vs WXCIX | |
| Fidelity ZERO Large Cap Index Fund | 0.71 | 0.65 | 0.64 | 63 | Large Cap Blend Equities | FHKFX vs FNILX | |
| Fidelity Total Market Index Fund | 0.71 | 0.66 | 0.65 | 65 | Large Cap Blend Equities | FHKFX vs FSKAX | |
| Fidelity ZERO Total Market Index Fund | 0.71 | 0.66 | 0.65 | 66 | Large Cap Blend Equities | FHKFX vs FZROX |
See all 43 diversifiers for FHKFX
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