Looking to diversify beyond FHNFX? The mutual funds below have the lowest correlation with FHNFX — 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 FHNFX.
Best Diversifiers for FHNFX
9 mutual funds have low correlation with FHNFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.03 | 0.01 | 97 | Semiconductors, Technology Equities | FHNFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.11 | 0.08 | 0.05 | 75 | Large Cap Growth Equities | FHNFX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.19 | 0.15 | 0.08 | 71 | Large Cap Blend Equities | FHNFX vs FNILX | |
| Fidelity 500 Index Fund | 0.19 | 0.14 | 0.07 | 73 | S&P 500 | FHNFX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.19 | 0.16 | 0.08 | 71 | Large Cap Blend Equities | FHNFX vs FSKAX |
See all 18 diversifiers for FHNFX
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