Looking to diversify beyond FHNDX? The mutual funds below have the lowest correlation with FHNDX — 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 FHNDX.
Best Diversifiers for FHNDX
0 mutual funds have low correlation with FHNDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.67, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.65 | 0.69 | 96 | Semiconductors, Technology Equities | FHNDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.77 | 0.74 | 0.78 | 68 | Large Cap Growth Equities | FHNDX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.83 | 0.89 | 0.87 | 70 | Target Retirement Date | FHNDX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.87 | 0.89 | 80 | Target Retirement Date | FHNDX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.86 | 0.88 | 80 | Target Retirement Date | FHNDX vs DTDRX |
See all 68 diversifiers for FHNDX
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