Looking to diversify beyond FHLEX? The mutual funds below have the lowest correlation with FHLEX — 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 FHLEX.
Best Diversifiers for FHLEX
0 mutual funds have low correlation with FHLEX (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 | 96 | Semiconductors, Technology Equities | FHLEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 77 | Target Retirement Date | FHLEX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHLEX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 79 | Target Retirement Date | FHLEX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FHLEX vs ISOLX |
See all 57 diversifiers for FHLEX
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Diversification Analysis
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