PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Fidelity Series Large Cap Growth Index Fund (FHOFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund normally invests at least 80% of its assets in securities of companies with large market capitalizations included in the Russell 1000 Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. The advisor uses statistical sampling techniques to attempt to replicate the returns of the Russell 1000 Growth Index. It is non-diversified.

Looking to diversify beyond FHOFX? The mutual funds below have the lowest correlation with FHOFX — 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 FHOFX.

Best Diversifiers for FHOFX

0 mutual funds have low correlation with FHOFX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.55, down from 0.73 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BPTRX
Baron Partners Fund0.550.650.73
52
Large Cap Growth EquitiesFHOFX vs BPTRX
IOLZX
ICON Equity Fund0.560.550.68
85
Large Cap Growth EquitiesFHOFX vs IOLZX
VTMGX
Vanguard Developed Markets Index Fund Admiral Shar...0.650.620.68
65
Foreign Large Cap EquitiesFHOFX vs VTMGX
FTIHX
Fidelity Total International Index Fund0.700.640.68
66
Foreign Large Cap EquitiesFHOFX vs FTIHX
FZILX
Fidelity ZERO International Index Fund0.710.640.68
70
Foreign Large Cap EquitiesFHOFX vs FZILX
See all 40 diversifiers for FHOFX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FHOFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FHOFX and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of 0.63, roughly unchanged from 0.66 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TSM
Taiwan Semiconductor Manufacturing Company Limited0.630.660.66
93
Technology

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements FHOFX

Add FHOFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FHOFX