Looking to diversify beyond FHNEX? The mutual funds below have the lowest correlation with FHNEX — 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 FHNEX.
Best Diversifiers for FHNEX
0 mutual funds have low correlation with FHNEX (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 | 97 | Semiconductors, Technology Equities | FHNEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 85 | Target Retirement Date | FHNEX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 86 | Target Retirement Date | FHNEX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 76 | Target Retirement Date | FHNEX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.74 | 0.71 | 76 | Target Retirement Date | FHNEX vs FIKFX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FHNEX
Add FHNEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHNEX