Looking to diversify beyond FHMFX? The mutual funds below have the lowest correlation with FHMFX — 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 FHMFX.
Best Diversifiers for FHMFX
5 mutual funds have low correlation with FHMFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.18, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.18 | 0.11 | 0.12 | 96 | Semiconductors, Technology Equities | FHMFX vs FSELX | |
| Fidelity Series Treasury Bill Index Fund | 0.26 | 0.23 | 0.24 | 100 | Ultrashort Bond | FHMFX vs FHQFX | |
| Fidelity Blue Chip Growth Fund | 0.28 | 0.17 | 0.16 | 73 | Large Cap Growth Equities | FHMFX vs FBGRX | |
| Fidelity Flex Conservative Income Bond Fund | 0.28 | 0.31 | 0.30 | 99 | Total Bond Market | FHMFX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.29 | 0.36 | 0.34 | 99 | Total Bond Market | FHMFX vs FCNVX |
See all 16 diversifiers for FHMFX
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