Looking to diversify beyond FHODX? The mutual funds below have the lowest correlation with FHODX — 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 FHODX.
Best Diversifiers for FHODX
0 mutual funds have low correlation with FHODX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.64, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.66 | 92 | Semiconductors, Technology Equities | FHODX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.74 | 0.70 | 0.74 | 61 | Large Cap Growth Equities | FHODX vs FBGRX | |
| Fidelity 500 Index Fund | 0.84 | 0.79 | 0.80 | 65 | S&P 500 | FHODX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.84 | 0.79 | 0.80 | 61 | Large Cap Blend Equities | FHODX vs FNILX | |
| Voya Target Retirement 2040 Fund | 0.84 | 0.86 | 0.87 | 77 | Target Retirement Date | FHODX vs IRSOX |
See all 53 diversifiers for FHODX
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Diversification Analysis
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