Looking to diversify beyond FHOEX? The mutual funds below have the lowest correlation with FHOEX — 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 FHOEX.
Best Diversifiers for FHOEX
0 mutual funds have low correlation with FHOEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, 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 | 0.74 | 0.74 | 0.77 | 92 | Semiconductors, Technology Equities | FHOEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.80 | 0.76 | 84 | Target Retirement Date | FHOEX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.79 | 0.79 | 70 | Target Retirement Date | FHOEX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.79 | 0.79 | 67 | Target Retirement Date | FHOEX vs FRQAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.82 | 0.79 | 0.79 | 84 | Target Retirement Date | FHOEX vs FRQHX |
See all 44 diversifiers for FHOEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FHOEX
Add FHOEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHOEX