Looking to diversify beyond FHLKX? The mutual funds below have the lowest correlation with FHLKX — 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 FHLKX.
Best Diversifiers for FHLKX
1 mutual funds have low correlation with FHLKX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.15 | 0.38 | 67 | Diversified Portfolio | FHLKX vs MHELX | |
| Concorde Wealth Management Fund | 0.42 | 0.57 | 0.59 | 55 | Diversified Portfolio | FHLKX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.63 | 0.64 | 86 | Diversified Portfolio | FHLKX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.63 | 0.63 | 82 | Diversified Portfolio | FHLKX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.63 | 0.63 | 88 | Diversified Portfolio | FHLKX vs FIQDX |
See all 38 diversifiers for FHLKX
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