Looking to diversify beyond FHLDX? The mutual funds below have the lowest correlation with FHLDX — 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 FHLDX.
Best Diversifiers for FHLDX
0 mutual funds have low correlation with FHLDX (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 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.67 | 0.71 | 97 | Semiconductors, Technology Equities | FHLDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.78 | 0.76 | 0.80 | 75 | Large Cap Growth Equities | FHLDX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.81 | 0.88 | 0.85 | 83 | Target Retirement Date | FHLDX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.89 | 0.91 | 83 | Target Retirement Date | FHLDX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.88 | 0.90 | 83 | Target Retirement Date | FHLDX vs DTDRX |
See all 61 diversifiers for FHLDX
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